Search For "monetary penalty"
RBI imposes penalty on Janata Sahakari Bank, Jalgaon Peoples Co-operative
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Oct 29 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Janata Sahakari Bank Ltd, Pune and of Rs 25 lakh on Jalgaon Peoples Co-operative Bank Ltd.
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RBI imposes Rs 1 crore fine on LVB, Rs 75 lakh on Syndicate Bank for viola
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 15 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank for non-compliance with certain provisions of directions on Income Recognition and Asset Classification (IRAC) norms.
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RBI imposes penalty on United Overseas Bank Limited
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 3 (ANI): Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on United Overseas Bank Limited (UOB) for its failure to comply with the provisions of Section 10B of the Banking Regulation Act, 1949.
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On Gandhi Jayanti: UP decides to release 150 convicts who have completed t
Updated : 6 years, 5 months ago IST
Lucknow (Uttar Pradesh) [India], Oct 2 (ANI): On the occasion of 150th birth anniversary of Mahatma Gandhi on Wednesday, Uttar Pradesh government has decided to release 150 convicts lodged in different jails across the state, who have completed their sentence but cannot be released due to th
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RBI imposes monetary penalty of Rs 10 million on Bajaj Finance Ltd
Updated : 7 years, 2 months ago IST
Mumbai (Maharashtra) [India], Jan 14 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 10 million on Bajaj Finance Limited for violation of Fair Practices Code.
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3 banks fined by RBI for delay in fraud detection
Updated : 7 years, 6 months ago IST
New Delhi [India], Sep 08 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore each on the Union Bank of India, Bank of India and Bank of Maharashtra for failing to detect and report fraud in certain accounts on time.
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RBI slaps Rs.3 Cr monetary penalty on IDBI bank
Updated : 7 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr. 12 (ANI): The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans.
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RBI imposes monetary penalty worth Rs 58.9 crore on ICICI Bank
Updated : 7 years, 11 months ago IST
New Delhi [India], Mar 29 (ANI): In a rare move, The Reserve Bank of India (RBI) on Thursday imposed monetary penalty worth Rs. 58.9 crore on ICICI Bank, the country's biggest private bank, for failing to abide by rules on the sale of bonds in the held-to-maturity (HTM) category.
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RBI slaps SBI with monetary penalty
Updated : 8 years ago IST
New Delhi [India], Mar. 08 (ANI): The Reserve Bank of India (RBI) on March 1, imposed a monetary penalty of Rs. 40 lakh on State Bank of India (SBI) for non-compliance of its directions on detection and impounding of counterfeit notes.
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RBI imposes Rs.30 million-penalty on Axis Bank
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty worth Rs. 30 million on Axis Bank Limited (the bank) for non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms.
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RBI charges fine on IOB over non-compliance with KYC norms
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty of Rs.20 million on Indian Overseas Bank for non-compliance with the directions issued by the former regarding Know Your Customer (KYC) norms.
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RBI imposes Rs. 30 mn penalty on IndusInd Bank
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI):The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 30 million on IndusInd Bank for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions per
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