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RBI Imposes Rs6 Lakh Penalty on 3 Cooperative Banks from Maharashtra, 1 from Patna

Reserve Bank of India (RBI) has imposed a monetary penalty of Rs6 lakh on four cooperative banks, Mangal Cooperative Bank Ltd, The Mahabaleshwar Urban Cooperative Bank Ltd, The Islampur Urban Cooperative Bank Ltd and The Tapindu Urban Cooperative Bank Ltd, for violating different laws prescribed by the banking regulator. Of these, The Tapindu Urban Cooperative Bank is from Patna while the remaining three banks are from Maharashtra. ....

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RBI imposes Rs 5-cr penalty on Axis Bank for rule violations

RBI imposes Rs 5-cr penalty on Axis Bank for rule violations
The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty of Rs 5 crore on Axis Bank for contravention of certain provisions of directions issued by the RBI, including on cybersecurity framework.
The penalty has been imposed for contravention of/non-compliance with certain provisions of directions issued by the RBI.
They include Strengthening the Controls of Payment Ecosystem between Sponsor Banks and SCBs/UCBs as a Corporate Customer ; Cyber Security Framework in Banks ; and Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 .
They also include Financial Inclusion-Access to Banking Services-Basic Savings Bank Deposit Account ; and Frauds-Classification and Reporting . ....

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RBI imposes Rs 5 crore penalty on Axis Bank

RBI imposes Rs 5 crore penalty on Axis Bank
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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RBI imposes Rs 5-cr monetary penalty on Axis Bank for cybersecurity, other rules violation

RBI imposes Rs 5-cr monetary penalty on Axis Bank for cybersecurity, other rules violation
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RBI imposes Rs 5-crore penalty on Axis Bank

RBI imposes Rs 5-crore penalty on Axis Bank
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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