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RBI penalizes five co-op banks, extends Directive on one

The Reserve Bank of India imposed monetary penalties on five cooperative banks worth Rs 60.30 lakh and

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Rajkot Nagarik Sah Bank joins Rs 10K Club; Upbeat Mehta announces on FB

Rajkot Nagarik Sah Bank joins Rs 10K Club; Upbeat Mehta announces on FB
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Incentives Received Under Atma Nirbhar Gujarat Sahay Yojna Can t Be Considered As Subsidy, GST Applicable: Gujarat AAAR

The Gujarat Appellate Authority of Advance Ruling (AAAR) has held that incentives received under the “Atma Nirbhar Gujarat Sahay Yojna” dated May 16, 2020, declared by the Gujarat Government could not.

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RBI fines four banks in Gujarat of ₹17 lakh for breach of rules

The Reserve Bank of India (RBI) has imposed monetary penalties on four urban cooperative banks (UCB) in Gujarat for breach of rules after carrying out statutory inspections of their records.

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RBI imposes penalty on Saraswat Co-operative Bank, Bassein Catholic Co-operative Bank, Rajkot Nagarik Sahakari Bank

The Reserve Bank has imposed monetary penalties on three co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: Saraswat Co-operative Bank Limited, Bassein Catholic Co-operative Bank Ltd, and Rajkot Nagarik Sahakari Bank Ltd

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