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RBI imposes penalties on ten UCBs; cancels license of Garha Co-op Bank

The Reserve Bank of India on Monday imposed a monetary penalty on 10 cooperative banks for various acts ....

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RBI Cancels Licence Of Madhya-Pradesh-Based Garha Co-operative Bank

The Reserve Bank of India on Monday cancelled licence of Garha Co-operative Bank, Guna in Madhya Pradesh as the lender does not have adequate capital and earning prospects.

About 98.4% of the depositors of the co-operative bank are entitled to receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation, the RBI said in a statement. ....

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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 ....

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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. ....

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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. ....

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