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DICGC: Payment process on; depositors of PMC, Rupee & others to benefit

DICGC: Payment process on; depositors of PMC, Rupee & others to benefit
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Madhya pradeshVijayapur karnatakaVithal rao vikhe patilBidar mahila urban coMillath coLife coPeople coRupee coHindu coBank ltdMudhol coKapol coSikar urban coGarha coSarjeraodada naik shirala sahakari bank ltdMaratha sahakari bank ltd

RBI imposes Rs 50 lakh penalty on an urban co-operative bank in Kerala

URL copied RBI imposes Rs 50 lakh penalty on an urban co-operative bank in Kerala The Reserve Bank of India on Tuesday said it has imposed a penalty of Rs 50 lakh on The Urban Co-operative Bank Ltd No. 1758, Perinthalmanna in Kerala for non-compliance with directions on income recognition and asset classification norms, and on management of advances. One of the directions related to management of advances UCBS (Urban Co-operative Banks). Statutory inspection of the bank with reference to its financial position as on March 31, 2019, conducted by RBI, revealed that the bank had not complied with the directions, the central bank said in a statement.

Bank ltd noImage sourceReserve bankUrban co operative bank ltdUrban cooperative banksவங்கி லிமிடெட் இல்லைபடம் மூலஇருப்பு வங்கிநகர்ப்புற இணை செயல்பாட்டு வங்கி லிமிடெட்நகர்ப்புற கூட்டுறவு வங்கிகள்