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The RBI imposed penalties on 5 cooperative banks for deficiencies in regulatory compliance. These cooperative banks are: Indapur Urban Cooperative Bank, Janakalyan Sahakari Bank, Patan Urban Cooperative Bank, Pune Merchants Cooperative Bank, Pune Municipal Corp Servant’s Cooperative Urban Bank
The RBI has imposed monetary penalties on one bank in Mumbai and three co-operative banks in Pune in separate cases involving the violation of the apex bank's norms.The RBI has, by an order dated December 12, imposed a penalty of Rs 5 lakh on ...
The international financial institution warns failure to address deficiencies flagged by the FATF may deteriorate bank balance sheets further.
The Reserve Bank of India imposed penalties on four cooperative banks of Gujarat and extended direction
The fine is imposed for contravention of the provisions of certain directions issued by RBI on 'Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts'