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RBI penalizes five UCBs; four from Pune & one from Mumbai

The Reserve Bank of India has penalized five urban cooperative banks on various instances of flouting its norms. These banks are Mumbai based Janakalyan Sahakari Ban

Pune municipal corporation servants urban bankAwareness fundIndapur urban bankJanakalyan sahakari bankPatan urban bankPune merchants bankReserve bankIndapur urban co operative bankPatan urban co operative bankPune merchants co operativeSahakari bankJanakalyan sahakari bank limitedLarge exposuresCentral repositoryLarge creditsPune merchants co operative bank limited

RBI Fines Four Banks In Mumbai And Pune

RBI Fines Four Banks In Mumbai And Pune
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Janakalyan sahakari bankPune merchants bankPune municipal corporation servant urban bankIndapur urban bank ltdJanakalyan sahakari bank limitedLarge exposuresCentral repositoryLarge creditsPune merchants co operative bank limitedDeposit accountsPune municipal corporation servantCo operative urban bank limitedIndapur urban co operative bank ltdCo operative banksIncome recognitionAsset classification

RBI imposes monetary penalty on five co-operative banks Details here

The RBI imposed penalties on 5 cooperative banks for deficiencies in regulatory compliance. These cooperative banks are: Indapur Urban Cooperative Bank, Janakalyan Sahakari Bank, Patan Urban Cooperative Bank, Pune Merchants Cooperative Bank, Pune Municipal Corp Servant’s Cooperative Urban Bank

Pune merchants bankJanakalyan sahakari bankPatan urban bankIndapur urban bank ltdPune municipal corporation servant urban bankAwareness fundBank of indiaIndapur urban bankReserve bankIndapur urban co operative bank ltdCo operative banksDeposit accountsIncome recognitionAsset classificationIndapur urban co operative bankNon performing assets

RBI fines four banks in Mumbai and Pune

The RBI has imposed monetary penalties on one bank in Mumbai and three co-operative banks in Pune in separate cases involving the violation of the apex bank's norms.The RBI has, by an order dated December 12, imposed a penalty of Rs 5 lakh on .

Janakalyan sahakari bankPune municipal corporation servant urban bankPune merchants bankIndapur urban bank ltdJanakalyan sahakari bank limitedLarge exposuresCentral repositoryLarge creditsPune merchants co operative bank limitedDeposit accountsPune municipal corporation servantCo operative urban bank limitedIndapur urban co operative bank ltdCo operative banksIncome recognitionAsset classification

RBI fines four banks in Mumbai and Pune

RBI fines four banks in Mumbai and Pune
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Pune merchants bankJanakalyan sahakari bankPune municipal corporation servant urban bankIndapur urban bank ltdJanakalyan sahakari bank limitedLarge exposuresCentral repositoryLarge creditsPune merchants co operative bank limitedDeposit accountsPune municipal corporation servantCo operative urban bank limitedIndapur urban co operative bank ltdCo operative banksIncome recognitionAsset classification