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Top News In இமாச்சல் பிரதேஷ் நிலை வங்கி Today - Breaking & Trending Today

Himachal co-op banks helping people: Minister

Cooperative banks have given loans worth Rs 450 crore to more than 30,000 people in Himachal Pradesh Tribune News Service ....

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NAFSCOB holds virtual meeting; Participants seek moratorium on loan

NAFSCOB holds virtual meeting; Participants seek moratorium on loan
NABARD Chairman & NCUI Prez also attend, among others
The apex body of State Cooperative Banks and District Central Cooperative Banks-Nafscob organized its board meeting virtually on Friday in which Nabard Chairman G R Chintala was a special invitee. Besides discussion on several issues pertaining to State Co-op Banks and DCCBs, the representatives of co-op banks wanted RBI to announce yet another round of loan moratorium scheme in the wake of lockdown in different states due to Covid surge.
“There should be an expert committee to address the issues related to Co-operative Banks as was done by the RBI for Urban Cooperative Bank in February 2021”, felt several participants. ....

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RBI imposes fine of Rs 40 lakh on Himachal Pradesh State Cooperative Bank

RBI imposes fine of Rs 40 lakh on Himachal Pradesh State Cooperative Bank
0 0 1 minute read
The RBI has imposed a fine of Rs 40 lakh on Himachal Pradesh State Cooperative Bank, Shimla for not following certain regulatory instructions issued by NABARD.
The Reserve Bank of India said on Tuesday that the fraud has been issued under the ‘Guidelines on Fraud Review – Monitoring and Reporting System’ in compliance with the regulatory directives issued by NABARD.
Giving details, it relates to the bank’s statutory inspection, and inspection report (IR) conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to the financial position of the bank as on March 31, 2019, and the exam all related correspondence. , Fraud, reporting, inter alia, in relation to not following instructions. ....

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RBI imposes Rs 40 lakh penalty on Himachal Pradesh State Cooperative Bank

Source:
Highlights
The penalty has been imposed for non-compliance with regulatory directions issued by NABARD contained in Review of Frauds - Guidelines on Monitoring and Reporting System.
A notice was issued to the Himachal Pradesh State Co-operative Bank. After considering the bank s reply to the notice and oral submissions made in the personal hearing.
The RBI has imposed a penalty of Rs 40 lakh on Himachal Pradesh State Cooperative Bank, Shimla, for non-compliance with certain regulatory directions issued by NABARD.
The penalty has been imposed for non-compliance with regulatory directions issued by NABARD contained in Review of Frauds - Guidelines on Monitoring and Reporting System , the Reserve Bank of India said on Tuesday. ....

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RBI Rs 40 lakh penalty Himachal Pradesh State Cooperative Bank

RBI Rs 40 lakh penalty Himachal Pradesh State Cooperative Bank
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