Search For "banking regulation"
Anshumman Joshi-led Dhanvarsha Group executes Rs 150 crore Private Placeme
Updated : 3 years, 7 months ago IST
New Delhi [India], October 20 (ANI/SRV): Anshumman Joshi-led Dhanvarsha Group, a leading business conglomerate engaged in several sectors including finance and banking, will be investing Rs 150 crore in the share capital of the Samarth Sahakari Bank Ltd. Solapur to convert it into a Small Fi
Read More
RBI imposes monetary penalty on Cooperative Bank of Rajkot
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 2 lakh on Gujarat-based The Co-operative Bank of Rajkot for non-compliance with regulations related to awareness schemes.
Read More
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.
Read More
RBI imposes monetary penalty on Kerala State Cooperative Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], October 10 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Thiruvananthapuram-based The Kerala State Co-operative Bank Ltd for non-compliance with the provisions of the banking regulations.
Read More
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.
Read More
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.
Read More
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.
Read More
RBI imposes monetary penalty on Goa State Co-operative Bank
Updated : 3 years, 10 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.
Read More
RBI imposes Rs 10 lakh penalty on The Tiruchengode Co-operative Urban Bank
Updated : 3 years, 11 months ago IST
New Delhi [India], June 28 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on The Tiruchengode Co-operative Urban Bank, Tiruchengode, Tamil Nadu, for non-adherence or violation of directions issued under various guidelines including Know Your Customer (KYC) Guideli
Read More
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.
Read More
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.
Read More
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
Read More