The penalty is a result of the bank's non-compliance with various directives issued by the RBI, including those pertaining to 'Loans and Advances to directors, relatives, and firms/concerns in which they are interested,' 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative
The central bank, through an order dated December 19, 2023, has imposed a monetary penalty of Rs 50,000 on the cooperative bank. This penalty has been levied due to the bank's non-compliance with specific directives issued by the RBI.
According to RBI, this penalty, enacted through an order dated December 14, 2023, has been imposed due to the bank's non-compliance with RBI directives on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs),' 'Reserve Bank of India (Know Your Customer (KYC))
According to RBI, the penalty, dated December 13, 2023, has been enforced due to the bank's non-compliance with RBI directives concerning the 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)' and violations of Section 26A(2) read with Section 56 of the Ban
New Delhi [India], January 8: Asia's largest multidisciplinary street arts' festival, Kala Ghoda Arts Festival (KGAF), is set to return for its 24th edition, transforming the heart of Mumbai into a vibrant hub of arts, crafts, and creativity from January 20th to January 28th, 2024. Themed 'U
According to Fitch Ratings, these transactions involve the securitization of receivables from a pool of revolving credit card accounts originated by Citibank, N.A. The class A notes have a Stable Outlook, and Fitch's evaluation is based on various key factors.
As a part of ongoing projects under the Vision Document 2047, Ayodhya Development Authority (ADA) has initiated a project to install prefabricated toilets at all the scenic ghats along the holy Sarayu River so that tourists coming to Ayodhya for the consecration ceremony of the Ram Temple as
Ahead of the grand consecration at Ayodhya's Ram Temple, Bharatiya Janata Party president in Kerala, K Surendran, criticised the Congress party for showing double standards and accused the grand old party of "neglecting the sentiments of the majority community" for the sake of vote bank poli
Former Maharashtra Chief Minister and Shiv Sena (UBT) Chief Uddhav Thackeray on Saturday said that the party will perform a 'Maha Aarti' at the bank of the Godavari River in Maharashtra's Nasik on the Ayodhya Temple Consecration Day.
The total debt burden on Pakistan has risen to a whopping 63,399 trillion Pakistani Rupees (PKR) by the end of November last year in the financial year 2023-24, ARY News reported on Friday citing an official report.
According to ADB, the funds raised will contribute to ADB's ordinary capital resources, dedicated to fostering social and economic development across the expansive region of Asia and the Pacific.
According to the World Bank, this Sustainable Development Bond aims to generate GBP 1.5 billion from investors, contributing to the financing of the World Bank's initiatives for sustainable development solutions in its member countries.