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RBI imposes fine on five co-op banks; extends Directives on four

Last week, the Reserve Bank of India imposed a penalty on five cooperative banks for breaching RBI norms

Uttar pradeshTamil naduPatan nagarik sahakari bank ltdMembership of credit information companies cicsMandal nagarik sahakari bank ltdFaiz mercantile cooperative bankMusiri urban bankBalasore bhadrak central bank ltdPatliputra central cooperative bank ltdMandal nagarik sahakari bankDhrangadhra people bankPatliputra central cooperative bankAwareness fund schemePatan nagrik sahakari bankBanaras mercantile bank ltdBalasore bhadrak central bank

RBI Imposes Rs6 Lakh Penalty on 5 Cooperative Banks

Reserve Bank of India (RBI) has imposed a penalty of Rs6 lakh on five cooperative banks, citing the violation of different laws prescribed by the banking regulator. Of these, three banks are from Gujarat, while others belong to Bihar and Odisha.

Mandal nagarik sahakari bankDhrangadhra people cooperative bankBalasore bhadrak central cooperative bankPatan nagarik sahakari bank ltdPatliputra central cooperative bankDhrangadhra people cooperative bank ltdPatan nagarik sahakari bankMandal nagarik sahakari bank ltdBalasore bhadrak central cooperative bank ltdDhrangadhra peopleCooperative bank ltdBihar based patliputra central cooperative bankNagarik sahakari bankCooperative bankMutual fund returnsAnk fixed deposits

RBI imposes monetary penalty on HDFC Bank, Bank of America and others for rule violation

RBI had sent show cause notice to both of these banks before taking the action.

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

RBI has imposed monetary penalties on 5 cooperative banks for deficiencies in regulatory compliance. These banks are: Patliputra Central Cooperative Bank, Patan Nagarik Sahakari Bank, Mandal Nagarik Sahakari Bank, Balasore Bhadrak Central Cooperative Bank and Dhrangadhra People’s Cooperative Bank

Narayana murthyMembership of credit information companies cicsMandal nagarik sahakari bankDhrangadhra people bank ltdBank of indiaMandal nagarik sahakari bank ltdAwareness fund schemeBalasore bhadrak central bank ltdCredit information companiesPatliputra central cooperative bank ltdAwareness fundDhrangadhra people bankPatan nagarik sahakari bankPatan nagarik sahakari bank ltdBalasore bhadrak central bankPatliputra central cooperative bank

RBI Imposes Penalties on 2 Co-operative Banks for Non-compliance With its Directions

RBI Imposes Penalties on 2 Co-operative Banks for Non-compliance With its Directions
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Uttar pradeshDhrangadhra people bankNational urban bank ltdBijnor urban bank ltdNational urban bankBijnor urban bankReserve bankBijnor urban co operative bank ltdNational urban co operative bank ltdBijnor urban co operative bankDelhi based national urban co operativeNational urban co operative bankGujarat based dhrangadhra peopleCo operative bankDhrangadhra peopleஉத்தர் பிரதேஷ்