Search For "co operative bank"
Reserve Bank of India penalizes Pusad Urban Co-operative Bank Ltd. for non
Updated : 2 years, 1 month ago IST
According to a press release, the penalty was levied due to the bank's failure to comply with RBI directives concerning 'Income Recognition, Asset Classification, Provisioning, and Other Related Matters.'
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RBI imposes Rs 43.30 lakh penalty on Zoroastrian Co-operative Bank
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) said on Thursday that it has imposed a monetary penalty of Rs 43.30 lakh on Zoroastrian Co-operative Bank Ltd for violating the rules.
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RBI imposes monetary penalty of over Rs 63 lakh on Bombay Mercantile Co-op
Updated : 2 years, 1 month ago IST
The RBI, in an official statement, said that this action 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 discusses ways to strengthen cybersecurity with urban co-operative ban
Updated : 2 years, 1 month ago IST
According to RBI, themed around 'Governance in UCBs: Combating Cyber Threats and Enhancing Resilience,' the conference aimed to address the escalating challenges of cybersecurity faced by Urban Co-operative Banks.
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ED attaches properties of former president of Kandala Service Co-operative
Updated : 2 years, 1 month ago IST
Directorate of Enforcement (ED) has provisionally attached movable and immovable properties worth Rs 1.02 crore under the provisions of the Prevention of Money Laundering Act relating to N Bhasurangan, former President of Kandala Service Co-operative Bank and his family members in a money la
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RBI levies Rs 2 lakh penalty on Halol Urban Co-operative Bank for regulato
Updated : 2 years, 2 months ago IST
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
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RBI levies Rs 7 lakh penalty on Navsarjan Industrial Co-operative Bank for
Updated : 2 years, 2 months ago IST
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))
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RBI imposes Rs 3 lakh penalty on Mehsana Jilla Panchayat Karmachari Co-ope
Updated : 2 years, 2 months ago IST
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
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RBI imposes penalty on Limdi Urban Co-operative Bank for non-compliance
Updated : 2 years, 2 months ago IST
Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 50,000 on The Limdi Urban Co-operative Bank Limited, situated in Dahod, Gujarat.
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RBI imposes monetary penalty of Rs 1.50 lakh on Bhuj Commercial Co-operati
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 1.50 lakh on the Bhuj Commercial Co-operative Bank, which is situated in Kachchh, Gujarat.
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RBI imposes monetary penalty of Rs 5 lakh on Gujarat-based co-operative ba
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 5 lakh on Shree Bharat Cooperative Bank Limited, which is situated in Vadodara, Gujarat.
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RBI cancels licence of The Botad Peoples Co-op Bank, Botad, Gujarat, allow
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) has cancelled the licence granted to The Botad Peoples Co-operative Bank Ltd., Botad, Gujarat and allowed it to function as a non-banking institution.
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