Search For "banking regulation act"
RBI slaps Rs 26-lakh penalty on Nutan Nagarik Sahakari Bank
Updated : 3 years, 4 months ago IST
This action of the central bank is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
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RBI imposes Rs 5-lakh penalty on Bharat Co-operative Bank
Updated : 3 years, 6 months ago IST
The penalty was slapped on the non-adherence, violation of directions issued under exposure norms and statutory or other restrictions - urban cooperative banks, the central bank said.
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RBI imposes Rs 50-lakh fine on Bharat Co-operative Bank
Updated : 3 years, 6 months ago IST
The central bank said this penalty had been imposed in exercise of powers vested in RBI conferred under Banking Regulation Act, 1949, according to a statement of the central bank released on Monday.
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RBI imposes monetary penalty on Rajgurunagar Sahakari Bank Limited
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 4 lakh on Pune-based The Rajgurunagar Sahakari Bank Limited on non-compliance with directions of the central bank on the interest rate and deposits.
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RBI imposes monetary penalty on Hissar Urban Cooperative Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 3 lakh on Hissar Urban Cooperative Bank Ltd for violation of banking norms.
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RBI cancels licence of Laxmi Co-operative Bank, Solapur
Updated : 3 years, 8 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra.
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RBI imposes monetary penalty on Visakhapatnam Co-operative Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 29 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 55 lakh on Visakhapatnam Co-operative Bank Ltd for violation of directions related to asset classification.
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RBI imposes monetary penalty on Goa State Co-operative Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 8 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 2.51 lakh on the Goa State Co-operative Bank Ltd, Panaji, for non-compliance with certain provisions of the Banking Regulation Act.
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RBI imposes monetary penalty on State Bank of India
Updated : 4 years, 6 months ago IST
Mumbai (Maharashtra) [India], November 27 (ANI): The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for contravention of section 19 (2) of the Banking Regulation Act, 1949 (the Act), informed RBI.
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RBI imposes monetary penalty on RBL Bank
Updated : 4 years, 8 months ago IST
New Delhi [India], September 27 (ANI): The Reserve Bank of India (RBI) has, by an order on Monday imposed a monetary penalty of Rs 2.00 crore on RBL Bank Limited for not complying with the Banking Regulation Act, 1949.
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Guru Raghavendra Sahakara Bank depositors say they continue to face hardsh
Updated : 4 years, 9 months ago IST
Bengaluru (Karnataka) [India], August 14 (ANI): The depositors of Sri Guru Raghavendra Sahakara Bank on Saturday said they continue to face an extremely difficult situation in accessing their money after a restriction was placed on the bank under U/S 35A of the Banking Regulation Act 1949 (A
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Sharad Pawar writes to PM Modi on amendments in Banking Regulation Act, hi
Updated : 4 years, 10 months ago IST
New Delhi [India], July 18 (ANI): Nationalist Congress Party (NCP) president Sharad Pawar on Saturday wrote to Prime Minister Narendra Modi and pointed out certain inconsistencies and the resulting legal inefficacy of normative provisions of the Banking Regulation Act.
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