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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

No respite for Shree Mahalaxmi Mercantile Co-op Bank too

In a similar case as with Faiz Bank, RBI extended direction on Shree Mahalaxmi Mercantile Co-operative Bank

Faiz bankShree mahalaxmi mercantile bank ltdShree mahalaxmi mercantile co operative bank ltdReserve bankCo op news snippets

Opinion: Lessons For RBI In Silicon Valley Bank Crisis?

Let us stop this shameful travesty. In any fair society, it is unfair to ask the weakest to take the greatest risk and to bear the heaviest financial burden.

United statesUttar pradeshTamil naduShree mahalaxmi mercantile bank ltdFaiz mercantile coSate bankBanaras mercantile bank ltdBank ltdDeposit insurance corporationSilicon valley bankCredit guarantee corporationLakshmi vilas bankPunjab maharashtra bank limitedMusiri urban bank ltdFederal deposit insurance corporationSilicon valley bridge bank

17 Cooperative Banks from Gujarat Among 20 Penalised by RBI for Various Violations

The Reserve Bank of India (RBI) has imposed penalties on 20 banks,

Bodeli urban bank ltdShree vardhaman sahakari bank ltdBassein catholic bank ltdBhuj mercantile bank ltdSardarganj mercantile bank ltdHalol mercantile bank ltdAwareness fundJanata bank ltdNagarik sahakari bank ltdBechraji nagarik sahakari bank ltd gujaratViramgam mercantile bank ltdNational bankHarij nagrik sahakari bank ltdGujarat rajya karmachari bank ltdLakhwad nagarik sahakari bank ltdShree mahalaxmi mercantile bank ltd

Monday blues: RBI penalizes eight co-op banks in a single day!

The Reserve Bank of India imposed penalties on eight co-op banks on various acts of omission and commission on Monday. The highest penalty imposed was Rs 48.00 lakh on SBPP Co-operative Bank

Andhra pradeshTamil naduAnantapur districtAndaman and nicobar islandsKilla pardiPeople urban bank ltdNilambur urban bank ltdTadpatri cooperative town bank ltdTiruvannamalai urban bank ltdShree mahalaxmi mercantile bank ltdAgrasen urban bankKrishna district cooperative central bank ltdReserve bankBank limitedInterest rateKnow your customer

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