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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 imposes monetary penalty on five co-operative banks for non-compliance of rules | Indiablooms - First Portal on Digital News Management

Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 14 lakh on five co-operative banks for non-compliance with rules on Friday.

Awareness fundPune municipal corporation servant urban bankPatan urban bankJankalyan bankPune merchants bankBanking regulationJankalyan co operative bank limitedUrban co operative bank limitedReserve bankPatan urban co operative bank limitedDepositor educationPune merchants co operative bank limitedUmbai uni the reserve bank of india rbi has imposeda monetary penalty rs 14 lakh on five co operative banks for non compliance with rules friday

RBI imposes monetary penalty on five Co-op banks for non-compliance of rules

RBI imposes monetary penalty on five Co-op banks for non-compliance of rules
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RBI imposes monetary penalty on five Co-op banks for non-compliance of rules – Central India s Premier English Daily

RBI imposes monetary penalty on five Co-op banks for non-compliance of rules – Central India s Premier English Daily
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Pune merchants bankPatan urban bankJankalyan bankAwareness fundPune municipal corporation servant urban bankReserve bankBanking regulationJankalyan co operative bank limitedUrban co operative bank limitedPatan urban co operative bank limitedDepositor educationPune merchants co operative bank limited

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