Search For "banking regulation act"
RBI slaps Rs 26-lakh penalty on Nutan Nagarik Sahakari Bank
Updated : 4 days, 7 hours ago IST
This action of the central bank is based on a deficiency 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 Rs 5-lakh penalty on Bharat Co-operative Bank
Updated : 1 month, 3 weeks ago IST
The penalty was slapped on the non-adherence, violation of directions issued under exposure norms and statutory or other restrictions - urban cooperative banks, the central bank said.
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RBI imposes Rs 50-lakh fine on Bharat Co-operative Bank
Updated : 1 month, 4 weeks ago IST
The central bank said this penalty had been imposed in exercise of powers vested in RBI conferred under Banking Regulation Act, 1949, according to a statement of the central bank released on Monday.
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RBI imposes monetary penalty on Rajgurunagar Sahakari Bank Limited
Updated : 3 months, 1 week ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 4 lakh on Pune-based The Rajgurunagar Sahakari Bank Limited on non-compliance with directions of the central bank on the interest rate and deposits.
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RBI imposes monetary penalty on Hissar Urban Cooperative Bank
Updated : 4 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 3 lakh on Hissar Urban Cooperative Bank Ltd for violation of banking norms.
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RBI cancels licence of Laxmi Co-operative Bank, Solapur
Updated : 4 months, 1 week ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra.
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RBI imposes monetary penalty on Visakhapatnam Co-operative Bank
Updated : 5 months ago IST
Mumbai (Maharashtra) [India], August 29 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 55 lakh on Visakhapatnam Co-operative Bank Ltd for violation of directions related to asset classification.
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RBI imposes monetary penalty on Goa State Co-operative Bank
Updated : 5 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], August 8 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 2.51 lakh on the Goa State Co-operative Bank Ltd, Panaji, for non-compliance with certain provisions of the Banking Regulation Act.
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RBI imposes monetary penalty on State Bank of India
Updated : 1 year, 2 months ago IST
Mumbai (Maharashtra) [India], November 27 (ANI): The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for contravention of section 19 (2) of the Banking Regulation Act, 1949 (the Act), informed RBI.
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RBI imposes monetary penalty on RBL Bank
Updated : 1 year, 4 months ago IST
New Delhi [India], September 27 (ANI): The Reserve Bank of India (RBI) has, by an order on Monday imposed a monetary penalty of Rs 2.00 crore on RBL Bank Limited for not complying with the Banking Regulation Act, 1949.
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Guru Raghavendra Sahakara Bank depositors say they continue to face hardsh
Updated : 1 year, 5 months ago IST
Bengaluru (Karnataka) [India], August 14 (ANI): The depositors of Sri Guru Raghavendra Sahakara Bank on Saturday said they continue to face an extremely difficult situation in accessing their money after a restriction was placed on the bank under U/S 35A of the Banking Regulation Act 1949 (A
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LS passes bill to amend Banking Regulation Act, Sitharaman says legislatio
Updated : 2 years, 4 months ago IST
New Delhi [India], September 16 (ANI): Lok Sabha on Wednesday passed a bill that seeks to address the potential disruptions in the financial system by providing for the Reserve Bank of India to prepare a scheme for reconstruction or amalgamation of the banking company without the necessity o
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