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RBI imposes penalty on three co-operative banks

RBI imposes penalty on three co-operative banks : Rashtra News #RBI #imposes #penalty #cooperative #banks The RBI said the penalties are not intended to pronounce upon the validity of any transaction or agreement. The Reserve Bank of India has imposed a penalty on three cooperative banks, including Nagrik Sahakari Bank Maryadit, Raipur, Chhattisgarh, for deficiencies

RBI recommends shrinking J&K government share in Jammu and Kashmir Bank

In 1959, an exception had been carved out in banking law to allow the state government to become a majority shareholder of the bank. This may now change.

RBI extends directions on Banaras Mercantile Co-op Bank

The Reserve Bank of India extended the period of directions on Banaras Mercantile Cooperative Bank for a

SC to hear if State can forcibly merge district co-op banks with State co-op banks

Prajwal Revanna remanded in SIT custody for six days