Search For "reserve bank"
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 monetary penalty of Rs 5 lakh on Sankheda Nagarik Sahakari Ban
Updated : 2 years, 2 months ago IST
Reserve Bank of India on Thursday said that it has imposed a monetary penalty of Rs 5 lakh on Sankheda Nagarik Sahakari Bank Limited, which is based in Sankheda, Chhotaudepur, Gujarat.
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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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"Rise in customer complaints related to credit information": RBI Deputy go
Updated : 2 years, 2 months ago IST
RBI Deputy Governor Swaminathan J on Tuesday met with the Managing Director and Chief Executive Officers of all the Credit Information Companies (CICs).
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RBI issues guidelines to trace customers with inoperative accounts, unclai
Updated : 2 years, 2 months ago IST
The central bank called for steps to trace the customers of inoperative accounts or unclaimed deposits including their nominees or legal heirs for re-activation of accounts, settlement of claims or closure.
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97.38 per cent of Rs 2000 banknotes returned to RBI since withdrawal
Updated : 2 years, 2 months ago IST
The central bank's periodic updates provide transparency regarding the progress of the withdrawal initiative, assuring the public of the continued legal status of Rs 2000 banknotes.
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India's forex reserves rose by USD 58 billion cumulatively in 2023
Updated : 2 years, 2 months ago IST
India's foreign exchange reserves increased by USD 4.471 billion to USD 620.441 billion in the week ending December 22, 2023, hitting a 21-month high, the latest data released by the Reserve Bank of India showed. In the calendar year 2023, the RBI added about USD 58 billion to its foreign
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Indian Real Estate: The Transformative Journey in 2024 and Ahead
Updated : 2 years, 2 months ago IST
New Delhi [India], December 30: In 2023, India's real estate market attained significant momentum, primarily fuelled by several positive developments. The Reserve Bank of India's decision to maintain stable interest rates was a major catalyst. It empowered prospective buyers to confidently i
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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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