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RBI imposes penalties on nine cooperative banks for violating compliances

The Reserve Bank of India has imposed monetary penalties on nine cooperative banks on account of various contraventions or non compliances of laid down guidelines.

Santrampur urban bankRenuka nagarik sahakari bank maryaditKendrapara urban bankOsmanabad janata sahakari bankJamshedpur urban cooperative bankBerhampur cooperative urban bankJila sahakari kendriya bank maryaditKrishna mercantile bankNawanagar bankReserve bankKendrapara urban co operative bankKrishna mercantile co operative bankSantrampur urban co operative bankNawanagar co operativeEws india

RBI Imposes Rs25,000 to Rs3 10 Lakh Penalties on 9 Cooperative Banks for Non-compliance

The Reserve Bank of India (RBI) has imposed monetary penalties on nine cooperative banks,

Madhya pradeshAmbikapur chhattisgarhRenuka nagarik sahakari bank maryaditNational bankBerhampur cooperative urban bank ltdOsmanabad janata sahakari bank ltdKendrapara urban bank ltdKrishna mercantile bank ltdJamshedpur urban cooperative bank ltdJila sahakari kendriya bank maryaditBerhampur cooperative urban bankSantrampur urban bank ltdRural developmentReserve bankKendrapara urban co operative bank ltdMercantile co operative bank ltd

RBI slaps fine on eight co-op banks & UCBs

A large number of co-op banks and urban cooperative banks have faulted on the RBI norms and thus were slapped with monetary penalties by the r

Madhya pradeshBanks on income recognitionChhattisgarh rajya sahakari bank maryaditGarha bankYavatmal urban bankGoa state bank ltdWarud urban bankMehsana urban bankIndapur urban cooperative bankJila sahakari kendriya bank maryaditIndapur urban cooperative bank ltdGoa state bankGoa state co operative bankGarha co operative bankYavatmal urban co operative bankWarud urban co operative bank

RBI imposes penalty on 8 banks, got account in any of THESE?

The penalties imposed on these eight banks ranged from Rs 1 lakh to Rs 40 lakh. Furthermore, the RBI imposed a monetary penalty on Spandana Sphoorty Financial, an NBFC.

New delhiMadhya pradeshBanks on income recognitionChhattisgarh rajya sahakari bank maryaditGarha bankJila sahakari kendriya bankYavatmal urban bankWarud urban bankMehsana urban bankGarhaa coJila sahakari kendriya bank maryaditChhattisgarh rajya sahakari bankIndapur urban cooperative bank ltdWarud urban bank ltdMehsana urban bank ltdGoa state bank

Latest News | RBI Penalises 8 Co-op Banks

Get latest articles and stories on Latest News at LatestLY. The RBI on Monday said it has imposed penalties on eight cooperative banks, including a fine of Rs 40 lakh on the Mehsana Urban Co-operative Bank, Gujarat, for non-compliance with various norms. Latest News | RBI Penalises 8 Co-op Banks.

Uttar pradeshMadhya pradeshRaipur chhattisgarhChhindwara madhya pradeshRajshree chaudhary boseChhattisgarh rajya sahakari bank maryaditGarha bankYavatmal urban bankWarud urban bankMehsana urban bankIndapur urban cooperative bankJila sahakari kendriya bank maryaditGoa state bankMehsana urban co operative bankReserve bankCo operative banks

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