Search For "supervisory action"
RBI unveils new corrective action framework for Urban Co-operative Banks
Updated : 1 year, 8 months ago IST
For urban cooperative banks that are weak or are experiencing financial stress, the RBI had issued a supervisory action framework as an early intervention tool for bringing about desired improvements in those entities.
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RBI imposes Rs 3 lakh penalty on Parwanoo Urban Co-operative Bank
Updated : 3 years, 4 months ago IST
The central bank has said the action is based on deficiencies 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 monetary penalty on Urban Co-operative Bank, Budaun
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 13 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Urban Co-operative Bank Ltd, Budaun for contravention of the central bank's regulations.
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RBI imposed restrictions on Mastercard from onboarding new customers from
Updated : 4 years, 8 months ago IST
New Delhi [India], July 14 (ANI): Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic customers (debit, credit or prepaid) onto its network from July 22 for non-compliance with 'directions on Storage of Payment System Data'.
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RBI extends deadline for processing auto-debit payments by 6 months
Updated : 4 years, 11 months ago IST
Mumbai (Maharashtra) [India], Mar 31 (ANI): The Reserve Bank of India (RBI) on Wednesday extended the timeline for processing recurring online transactions by six months to September 30.
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