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.
The Atlantic Technological University (ATU ) is currently conducting research with six island communities off the west and northwest coast to measure the impact of tourism on the islands. Visitors to Islands have become increasingly popular since the pandemic and while it has led to some economic benefits for some, it has also added extra pressures on the islands resources.
The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on The Tiruchengode Co-operative Urban Bank, Tiruchengode, Tamil Nadu, for non-adherence or violation of directions issued under various guidelines including Know Your Customer (KYC) Guidelines, the central bank said in a statement.
The Enforcement Directorate (ED) has arrested Subhra Jyoti Bharali, former Managing Director of Industrial Co-operative Bank Limited in a money laundering case, the agency said on Friday.
Union Minister for Home Affairs and Cooperation Amit Shah will attend a conclave in the national capital on Thursday, which will discuss various issues related to Scheduled and Multi-State Urban Co-operative Banks and Credit Societies and will also felicitate Urban Cooperative Banks that have completed 100 years of service to society.