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RBI Imposes Rs9.25 lakh Penalties on 5 Cooperative Banks for Not Following Rules & Regulations

Reserve Bank of India (RBI) has imposed a penalty of Rs9.25 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator.

Rajapalayam , Tamil-nadu , India , Himachal , Uttaranchal , Howrah-district , West-bengal , Aurangabad , Maharashtra , Mumbai , Himachal-mandi-urban-cooperative-bank-ltd

RBI Imposes Rs89.95 Lakh Penalty on 5 Cooperative Banks for Non-compliance with Directions and Prohibitory Orders

Reserve Bank of India (RBI) has imposed a penalty of Rs89.95 lakh on five cooperative banks for non-compliance with RBI directions or prohibitory orders. The highest penalty of Rs59.90 lakh has been imposed on Nashik-based Janalaxmi Cooperative Bank Ltd.

Chikkamagaluru , Karnataka , India , Uttar-pradesh , Dindigul , Tamil-nadu , Mathura-jilla-sahkari-bank-ltd , Dindigul-urban-cooperative-bank , Rural-development , Janalaxmi-cooperative-bank-ltd , Janalaxmi-cooperative-bank

RBI: A small entity like UCB too can be systemically important, says RBI

RBI deputy governor Swaminathan J countered the notion that a small entity like an Urban cooperative Bank (UCB) is not systemically important. He underscored the importance of governance standards and the inter-connectedness of financial entities. Even a small disturbance can have far-reaching effects and erode public trust. The failure of UCBs in the past highlights the contagion risks posed by smaller banks. UCBs play a critical role in the financial system, serving various sectors of society. Transparent decision-making, accountability, and adherence to best practices are crucial.

Business-news , Breaking-news , Latest-news-updates , Economic-times , Economic-times-news-app , Daily-market-updates , Live-business , Economic-times-prime , Rbi , Ucb , Systemically-important

RBI Slaps Rs13.50 Lakh Penalty on 4 Cooperative Banks from Gujarat, 1 from Odisha

Reserve Bank of India (RBI) has imposed a penalty of Rs13.50 lakh on five cooperative banks, including four from Gujarat and one from Odisha, for non-compliance with the directions issued by the banking regulator.

Odisha , Orissa , India , Kachchh , Gujarat , Bhuj , Limdi , Chhotaudepur , Bharat , Limdi-urban-cooperative-bank , Sankheda-nagarik-sahakari-bank

RBI Imposes Penalties Revokes License Of Urban Cooperative Bank In Uttar Pradesh - BW Businessworld

Multiple banks fined, regulatory action taken for non-compliance, customers assured refunds, , reserve bank of india, Penalties, urban cooperative banks

India , Uttar-pradesh , Sitapur , Patan , Gujarat , Rajarshi-shahu-cooperative-bank , National-bank , Teacher-cooperative-bank , Rural-development , District-central-bank , Patan-cooperative-bank

Uttar Pradesh-based Urban Cooperative Bank's License Cancelled by RBI

The Reserve Bank of India (RBI) has cancelled the certificate of registration of Sitapur, Uttar Pradesh-based Urban Cooperative Bank Ltd, due to the lender's inadequate capital and poor earnings prospects.

Sitapur , Uttar-pradesh , India , Credit-guarantee-corporation , Uttar-urban-cooperative-bank-ltd , Reserve-bank , Uttar-pradesh-based-urban-cooperative-bank-ltd , Urban-cooperative-bank , Banking-regulation , Deposit-insurance , Guarantee-corporation

RBI cancels license of UP bank, says 'can't pay its present depositors in full'

Depositors can get up to ₹5 lakh back, according to RBI rules. 

New-delhi , Delhi , India , Uttar-pradesh , Mumbai , Maharashtra , Credit-guarantee-corporation , Reserve-bank , Sitapur-based-urban-co-operative-bank , Urban-co-operative-bank , Banking-regulation-act

RBI Slaps Rs7 Lakh Penalty on 4 Cooperative Banks from Maharashtra

Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks from Maharashtra for violation of different laws prescribed by the regulator. RBI has levied a fine of Rs4 lakh, the highest among the banks, on Jijamata Mahila Sahakari Bank Ltd.

Mumbai , Maharashtra , India , Chembur-nagarik-sahakari-bank , Shri-laxmikrupa-urban-cooperative-bank , Shri-laxmikrupa-urban-cooperative-bank-ltd , Konark-urban-cooperative-bank , Konark-urban-cooperative-bank-ltd , Jijamata-mahila-sahakari-bank , Jijamata-mahila-sahakari-bank-ltd , Chembur-nagarik-sahakari-bank-ltd

UPSC Essentials | Daily subject-wise quiz : Economy (Week 32)

Are you preparing for UPSC CSE Prelims 2024? Check your progress and revise your topics through following quiz on Economy.

India , Pradhan-mantri-ujjwala-yojana , Societies-act-of-the , India-energy-conservation-building-code , Ministry-of-power-bureau-energy-efficiency , Food-corporation-of-india , Energy-conservation-building-code , Monetary-policy-committee , International-energy-agency , Multi-state-cooperative-societies , National-small-savings-fund , Ns-viswanathan-committee

Saraswat Bank opens 300th Branch at Moshi, Pune

The largest Urban Cooperative Bank of India- Saraswat Cooperative Bank opened its 300th branch at Moshi,

Pune , Maharashtra , India , Gautam-thakur , Saraswat-bank , India-saraswat-cooperative-bank , Urban-cooperative-bank , Cooperative-bank , Chairman-gautam-thakur , Co-op-bank , Breaking , Moshi