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RBI imposes monetary penalty on 5 cooperative banks for rules violation

The Reserve Bank of India (RBl) has imposed a monetary penalty on five cooperative banks for some contravention or for non-compliance with varied central bank directions.

Andhra pradeshTamil naduSalem districtTirupati urban bank ltdGondia district central bankShree mahayogi lakshmamma co operative bank ltdShirpur people bank ltdAttur town bank ltdReserve bankAttur town co operative bank ltdGondia district central co operative bank limitedShirpur people co operative bank ltdTirupati urban co operative bank ltdRisk assessment reportIncome recognitionAsset classification

RBI Imposes Monetary Penalties On Five Cooperative Banks

Reserve Bank of India (RBI) has imposed monetary penalties on five cooperative banks citing the violation of different laws prescribed by the banking regulator

Andhra pradeshTamil naduSalem districtTirupati urban bank ltdGondia district central bankShirpur people bank ltdShree mahayogi lakshmamma cooperative bank ltdAttur town bank ltdShirpur people co operative bank ltdShirpur peopleCo operative bank ltdDistrict central co operative bankBanking regulation actTirupati urban co operative bank ltdAttur town co operative bank ltdMahayogi lakshmamma cooperative bank ltd

RBI imposes monetary penalty on 5 cooperative banks -

The Reserve Bank of India (RBI) has fined five cooperative banks for violating or failing to comply with various central bank directives.

Andhra pradeshTamil naduSalem districtPravina srivastavaGondia district central bankShree mahayogi lakshmamma co operative bank ltdShirpur people bank ltdAttur town bank ltdReserve bankMahayogi lakshmamma co operative bank ltdAttur town co operative bank ltdGondia district central co operative bank limitedShirpur people co operative bank ltdTirupati urbanRisk assessment reportIncome recognition

Four UCBs & One DCCB fined by RBI for violating regulator s norms

The Reserve Bank of India has imposed penalties on five co-op banks and extended direction on one UCB

Andhra pradeshTamil naduTirupati urban bankGondia district central bankAttur town bankAwareness fund schemeSri sharada mahila bankShree mahayogi lakshmamma co op bankTirupati urban bank ltdShirpur people bankShree mahayogi lakshmamma cooperative bank ltdReserve bankSri sharada mahila co op bankShirpur people co op bankTirupati urban co operative bankAttur town co op

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