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مايو 13, 2019Gomti Nagariya Sahkari Bank Ltd., Jaunpur, Uttar Pradesh -Withdrawal of Directions issued by the Reserve Bank of IndiaThe Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies) to Gomti Nagariya Sahkari Bank Ltd., Jaunpur, Uttar Pradesh vide directive dated July 03, 2017. Directions imposed were extended and modified from time to time, last being up to May 10, 2019 vide Directive dated October 30, 2018. Reserve Bank, on being satisfied that in the public interest it is necessary to do so, in exThe Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies) to Gomti Nagariya Sahkari Bank Ltd., Jaunpur, Uttar Pradesh vide directive dated July 03, 2017. Directions imposed were extended and modified from time to time, last being up to May 10, 2019 vide Directive dated October 30, 2018. Reserve Bank, on being satisfied that in the public interest it is necessary to do so, in ex
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مايو 10, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Millath Co-operative Bank Ltd., Davangere District, KarnatakaIt is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Millath Co-operative Bank Ltd, Davangere District, Karnataka whereby, as from the close of business on May 08, 2019, the aforesaid bank shall not, without prior approval of RBI in wriIt is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to Millath Co-operative Bank Ltd, Davangere District, Karnataka whereby, as from the close of business on May 08, 2019, the aforesaid bank shall not, without prior approval of RBI in wri
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مايو 10, 2019RBI extends Directions issued to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala for further 6 monthsThe Reserve Bank of India issued Directions to Adoor Co-operative Urban Bank Limited, Adoor under section 35A read with Section 56 of Banking Regulation Act,1949 vide Directive dated November 02, 2018 which were valid upto May 09, 2019. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 2000 (Rupees Two Thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever nameThe Reserve Bank of India issued Directions to Adoor Co-operative Urban Bank Limited, Adoor under section 35A read with Section 56 of Banking Regulation Act,1949 vide Directive dated November 02, 2018 which were valid upto May 09, 2019. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 2000 (Rupees Two Thousand only) of the total balance held in every savings bank or current account or any other deposit account by whatever name
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مايو 10, 2019Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Sikar Urban Co-operative Bank Ltd., Sikar (Rajasthan) - Extension of period of validityIt is hereby notified for information of public that the Reserve Bank of India is satisfied that in public interest it is necessary to extend the period of operation of the directive dated October 26, 2018, effective from close of business on November 09, 2018 issued to Sikar Urban Co-operative Bank Ltd., Sikar (Rajasthan), for a further period of six months. Accordingly, the Reserve Bank of India in exercise of powers vested in it under sub-section (1) of section 35AIt is hereby notified for information of public that the Reserve Bank of India is satisfied that in public interest it is necessary to extend the period of operation of the directive dated October 26, 2018, effective from close of business on November 09, 2018 issued to Sikar Urban Co-operative Bank Ltd., Sikar (Rajasthan), for a further period of six months. Accordingly, the Reserve Bank of India in exercise of powers vested in it under sub-section (1) of section 35A
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مايو 06, 2019RBI issues Directions to the Shivajirao Bhosale Sahakari Bank Ltd., Pune, MaharashtraThe Reserve Bank of India (vide directive dated May 03, 2019 has placed the Shivajirao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, under All-inclusive Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹1000/- (Rupees One Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. The ShiThe Reserve Bank of India (vide directive dated May 03, 2019 has placed the Shivajirao Bhosale Sahakari Bank Ltd., Pune, Maharashtra, under All-inclusive Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹1000/- (Rupees One Thousand only) of the total balance held in every saving bank or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. The Shi
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مايو 03, 2019Reserve Bank of India issues Directions to The Madgaum Urban Co-operative Bank Ltd., Margao, GoaThe Reserve Bank of India (RBI) is satisfied that in the interest of the public, it is necessary to issue certain directions to The Madgaum Urban Co-operative Bank Ltd., Margao, Goa. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that, The Madgaum UrbaThe Reserve Bank of India (RBI) is satisfied that in the interest of the public, it is necessary to issue certain directions to The Madgaum Urban Co-operative Bank Ltd., Margao, Goa. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that, The Madgaum Urba
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مايو 03, 2019RBI clarifies on safe custody of its gold reservesWe have come across reports in certain sections of the print and social media regarding RBI shifting abroad a part of its gold holding in 2014. It is a normal practice for Central Banks world over, to keep their gold reserves overseas with Central Banks of other countries like Bank of England for safe custody. It is further stated that no gold was shifted by the RBI from India to other countries in 2014 or thereafter. Thus the media reports cited above are factually iWe have come across reports in certain sections of the print and social media regarding RBI shifting abroad a part of its gold holding in 2014. It is a normal practice for Central Banks world over, to keep their gold reserves overseas with Central Banks of other countries like Bank of England for safe custody. It is further stated that no gold was shifted by the RBI from India to other countries in 2014 or thereafter. Thus the media reports cited above are factually i
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مايو 03, 2019Reserve Bank of India imposes monetary penalty on Western Union Financial Services Inc. and MoneyGram Payment Systems Inc.The Reserve Bank of India (RBI) has, vide orders dated April 20, 2018, imposed monetary penalty of ₹ 29,66,959/- and ₹ 10,11,653/- on Western Union Financial Services Inc., USA and MoneyGram Payment Systems Inc., USA, respectively, for non-compliance of regulatory guidelines. These penalties have been imposed in exercise of the powers vested in RBI under the provisions of Section 31 of the Payment and Settlement Systems Act, 2007 for compounding of the contraventions.The Reserve Bank of India (RBI) has, vide orders dated April 20, 2018, imposed monetary penalty of ₹ 29,66,959/- and ₹ 10,11,653/- on Western Union Financial Services Inc., USA and MoneyGram Payment Systems Inc., USA, respectively, for non-compliance of regulatory guidelines. These penalties have been imposed in exercise of the powers vested in RBI under the provisions of Section 31 of the Payment and Settlement Systems Act, 2007 for compounding of the contraventions.
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مايو 03, 2019Reserve Bank of India imposes monetary penalty on five Prepaid Payment Instrument (PPI) IssuersIn exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on the following five PPI Issuers for non-compliance of regulatory guidelines. Sr. No. Name of the PPI Issuer Speaking Order dated Amount of Penalty (in ₹ lakh) 1. My Mobile Payments Limited 22-10-2018 100 2. Phonepe Private Limited 14-02-2019 100 3. Y-Cash Software Solutions Private Limited 22-02-2019 5 4. Vodafone m-peIn exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on the following five PPI Issuers for non-compliance of regulatory guidelines. Sr. No. Name of the PPI Issuer Speaking Order dated Amount of Penalty (in ₹ lakh) 1. My Mobile Payments Limited 22-10-2018 100 2. Phonepe Private Limited 14-02-2019 100 3. Y-Cash Software Solutions Private Limited 22-02-2019 5 4. Vodafone m-pe
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مايو 02, 2019RBI cancels Certificate of Registration of 24 NBFCsThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Sanket Investments & Marketing Limited A-223, Ansal Chamber-1, 2nd Floor, 3, Bhikaji Cama Place, New Delhi-110 066 B-14.02746 February 21The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Sanket Investments & Marketing Limited A-223, Ansal Chamber-1, 2nd Floor, 3, Bhikaji Cama Place, New Delhi-110 066 B-14.02746 February 21
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مايو 02, 20192 NBFCs surrender their Certificate of Registration to RBIThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. L.D. Leasing and Credit Private Limited Beekay House L-8, Green Park Extension, NThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. L.D. Leasing and Credit Private Limited Beekay House L-8, Green Park Extension, N
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أبريل 30, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Needs of Life Co-op. Bank Ltd., Mumbai, MaharashtraThe Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions from close of business on October 29, 2018, for a period of six months, vide directive dated October 26, 2018 and the directions are valid up to April 29, 2019 subject to review. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking RegulatiThe Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions from close of business on October 29, 2018, for a period of six months, vide directive dated October 26, 2018 and the directions are valid up to April 29, 2019 subject to review. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulati
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أبريل 26, 2019The Reserve Bank Extends Ombudsman Scheme for Non-Banking Financial Companies to eligible Non-Deposit Taking Non-Banking Financial CompaniesAs announced in Para 11 of the Statement on Developmental and Regulatory Policies of the Monetary Policy Statement dated April 04, 2019, the Reserve Bank of India (RBI) today has extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs), 2018 (the Scheme) to eligible Non Deposit Taking Non Banking Financial Companies (NBFC-NDs) having asset size of Rupees 100 crore or above with customer interface vide Notification dated April 26, 2019. TheAs announced in Para 11 of the Statement on Developmental and Regulatory Policies of the Monetary Policy Statement dated April 04, 2019, the Reserve Bank of India (RBI) today has extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs), 2018 (the Scheme) to eligible Non Deposit Taking Non Banking Financial Companies (NBFC-NDs) having asset size of Rupees 100 crore or above with customer interface vide Notification dated April 26, 2019. The
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أبريل 26, 2019RBI Introduces ₹ 20 banknote in Mahatma Gandhi (New) SeriesThe Reserve Bank of India will shortly issue ₹ 20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Shri Shaktikanta Das, Governor, Reserve Bank of India. The new denomination has motif of Ellora Caves on the reverse, depicting the country's cultural heritage. The base colour of the note is Greenish Yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. All the bankThe Reserve Bank of India will shortly issue ₹ 20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Shri Shaktikanta Das, Governor, Reserve Bank of India. The new denomination has motif of Ellora Caves on the reverse, depicting the country's cultural heritage. The base colour of the note is Greenish Yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. All the bank
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أبريل 24, 2019Reserve Bank of India releases Annual Report of the Banking Ombudsman Scheme 2006The Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2017-18. Highlights The 21 Offices of the Banking Ombudsman received 1,63,590 complaints in the year 2017-18 marking an increase of 24.9% over previous year. Offices of Banking Ombudsman maintained a disposal rate of 96.5% as compared to 92.0% in the previous year. The major grounds of complaints received during the year were non-observance of fair practices codeThe Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2017-18. Highlights The 21 Offices of the Banking Ombudsman received 1,63,590 complaints in the year 2017-18 marking an increase of 24.9% over previous year. Offices of Banking Ombudsman maintained a disposal rate of 96.5% as compared to 92.0% in the previous year. The major grounds of complaints received during the year were non-observance of fair practices code
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أبريل 23, 2019Issue of ₹ 200 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, GovernorThe Reserve Bank of India will shortly issue ₹ 200 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 200 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 200 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019/2513The Reserve Bank of India will shortly issue ₹ 200 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 200 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 200 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019/2513
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أبريل 23, 2019Issue of ₹ 500 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, GovernorThe Reserve Bank of India will shortly issue ₹ 500 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 500 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 500 in Mahatma Gandhi (New) Series issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019The Reserve Bank of India will shortly issue ₹ 500 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 500 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 500 in Mahatma Gandhi (New) Series issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019
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أبريل 22, 20195 NBFCs surrender their Certificate of Registration to RBIThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Motilal Oswal Financial Services Limited Motilal Oswal Tower, Rahimtullah SayaniThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Motilal Oswal Financial Services Limited Motilal Oswal Tower, Rahimtullah Sayani
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أبريل 22, 2019RBI cancels Certificate of Registration of 24 NBFCsThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Jewel Stationary Private Limited 11, Babar Lane, Bengali Market, New Delhi-110 001 B-14.03302 May 30, 2014 January 18, 2019 2. AVS Fincap Limited 1214, 12th Floor, 38, Ansal Tower,The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Jewel Stationary Private Limited 11, Babar Lane, Bengali Market, New Delhi-110 001 B-14.03302 May 30, 2014 January 18, 2019 2. AVS Fincap Limited 1214, 12th Floor, 38, Ansal Tower,
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أبريل 20, 2019RBI clarification on 5 day week in commercial banksIt has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI instructions. It is clarified that this information is not factually correct. RBI has not issued any such directions.Yogesh Dayal Chief General Manager Press Release: 2018-2019/2488It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI instructions. It is clarified that this information is not factually correct. RBI has not issued any such directions.Yogesh Dayal Chief General Manager Press Release: 2018-2019/2488
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أبريل 16, 2019Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) -The City Co-operative Bank Ltd., Mumbai, Maharashtra-Extension of periodThe City Co-operative Bank Ltd., Mumbai was placed under directions vide directive dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time last being vide Directive dated October 15, 2018 up to April 17, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of SectioThe City Co-operative Bank Ltd., Mumbai was placed under directions vide directive dated April 17, 2018 from the close of business on April 17, 2018 for a period of six months. The validity of the above directions were extended from time to time last being vide Directive dated October 15, 2018 up to April 17, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Sectio
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أبريل 16, 2019Issue of ₹50 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, GovernorThe Reserve Bank of India will today issue ₹ 50 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 50 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 50 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019/2467The Reserve Bank of India will today issue ₹ 50 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 50 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 50 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019/2467
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أبريل 15, 2019Reserve Bank of India issues Directions to The Bhimavaram Co-operative Urban Bank Ltd., Bhimavaram (Andhra Pradesh)The Reserve Bank of India (RBI) is satisfied that in the interest of public, it is necessary to issue certain directions to The Bhimavaram Co-operative Urban Bank Ltd., Bhimavaram, Andhra Pradesh. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that, ThThe Reserve Bank of India (RBI) is satisfied that in the interest of public, it is necessary to issue certain directions to The Bhimavaram Co-operative Urban Bank Ltd., Bhimavaram, Andhra Pradesh. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that, Th
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أبريل 10, 2019U.P. Postal Primary Co-operative Bank Ltd., Lucknow- PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees one lakh only) on U.P. Postal Primary Co-operative Bank Ltd., Lucknow in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines for shifting of its branch without obtaining prior approval from RBI. The Reserve Bank of India had isThe Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees one lakh only) on U.P. Postal Primary Co-operative Bank Ltd., Lucknow in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines for shifting of its branch without obtaining prior approval from RBI. The Reserve Bank of India had is
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أبريل 09, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Mudhol Co-operative Bank Ltd., Post Mudhol, Bagalkot District, KarnatakaIt is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to The Mudhol Co-operative Bank Ltd., Post Mudhol, Bagalkot District, Karnataka., whereby, as from the close of business on April 08, 2019, the aforesaid bank shall not, without prior apIt is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 (AACS), the Reserve Bank of India has issued certain Directions to The Mudhol Co-operative Bank Ltd., Post Mudhol, Bagalkot District, Karnataka., whereby, as from the close of business on April 08, 2019, the aforesaid bank shall not, without prior ap
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أبريل 06, 2019Announcement of Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance LimitedReserve Bank of India (RBI) has learnt through media reports that Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance Limited (IBHFL) have made a merger announcement on April 5, 2019 with approval of their respective Boards. It has been reported in a section of the media that the presence of two nominee directors of the RBI on the Board of LVB implies RBI’s indirect approval of the proposal. It is clarified that the merger announcement does not have any approval oReserve Bank of India (RBI) has learnt through media reports that Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance Limited (IBHFL) have made a merger announcement on April 5, 2019 with approval of their respective Boards. It has been reported in a section of the media that the presence of two nominee directors of the RBI on the Board of LVB implies RBI’s indirect approval of the proposal. It is clarified that the merger announcement does not have any approval o
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أبريل 04, 2019Marginal Cost of Funds Based Lending Rate (MCLR) for the month March 2019The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of March 2019. Ajit Prasad Assistant Adviser Press Release : 2018-2019/2368The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of March 2019. Ajit Prasad Assistant Adviser Press Release : 2018-2019/2368
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مارس 30, 2019Branches of Vijaya Bank and Dena Bank to operate as branches of Bank of Baroda from April 1, 2019The Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019 dated January 2, 2019, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 9 of the Banking Companies (Acquisition anThe Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019 dated January 2, 2019, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 9 of the Banking Companies (Acquisition an
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مارس 29, 2019Withdrawal of All Inclusive Directions under sub-section (2) of Section 35A of the Banking Regulation Act, 1949 (AACS) - Shri Ganesh Sahakari Bank Ltd., Nashik, MaharashtraReserve Bank of India, in the public interest, had issued directions to Shri Ganesh Sahakari Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on April 01, 2013. Reserve Bank of India has now, in exercise of powers vested with the Reserve Bank of India under sub-section (2) of Section 35A of the Banking Regulation Act, 1949 (AReserve Bank of India, in the public interest, had issued directions to Shri Ganesh Sahakari Bank Ltd., Nashik, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on April 01, 2013. Reserve Bank of India has now, in exercise of powers vested with the Reserve Bank of India under sub-section (2) of Section 35A of the Banking Regulation Act, 1949 (A
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مارس 29, 2019Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning April 01, 2019The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning April 01, 2019 will be 9.21 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the averaThe Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning April 01, 2019 will be 9.21 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014, issued to NBFC-MFIs regarding pricing of credit, stated that it will, on the last working day of every quarter, advise the avera
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مارس 28, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Maratha Sahakari Bank Ltd, Mumbai, MaharashtraThe Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016 vide directive dated August 31, 2016. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid upto March 31, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested inThe Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016 vide directive dated August 31, 2016. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive dated November 27, 2018 and was valid upto March 31, 2019 subject to review. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in
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مارس 27, 2019Reserve Bank of India imposes monetary penalty on Punjab National BankReference is invited to the Press Release No. 2018-2019/2144 dated March 08, 2019 regarding imposition of penalty on 36 banks for non-compliance with various directions issued by the Reserve Bank of India (RBI) on time-bound implementation and strengthening of SWIFT-related operational controls. In continuation thereto, RBI has imposed, by an order dated February 25, 2019, a monetary penalty of ₹ 20 million (Rupees Twenty Million) on Punjab National Bank (the bank) foReference is invited to the Press Release No. 2018-2019/2144 dated March 08, 2019 regarding imposition of penalty on 36 banks for non-compliance with various directions issued by the Reserve Bank of India (RBI) on time-bound implementation and strengthening of SWIFT-related operational controls. In continuation thereto, RBI has imposed, by an order dated February 25, 2019, a monetary penalty of ₹ 20 million (Rupees Twenty Million) on Punjab National Bank (the bank) fo
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مارس 27, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Hindu Cooperative Bank Limited, Pathankot, PunjabReserve Bank of India had, in the public interest, issued directions to Hindu Cooperative Bank Limited, Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, from the close of business on March 25, 2019. The Directions stipulate certain restrictions on the bank. The details of Directions are displayed on the bank’s website and on preReserve Bank of India had, in the public interest, issued directions to Hindu Cooperative Bank Limited, Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, from the close of business on March 25, 2019. The Directions stipulate certain restrictions on the bank. The details of Directions are displayed on the bank’s website and on pre
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مارس 25, 2019RBI extends validity of the Directions issued to the U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow (Uttar Pradesh)The Reserve Bank of India (RBI) has extended the Directions issued to the U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a period of six months from March 26, 2019 to September 25, 2019, subject to review. The bank has been under directions since September 25, 2018 vide directive dated September 19, 2018 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was issued up to MarcThe Reserve Bank of India (RBI) has extended the Directions issued to the U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for a period of six months from March 26, 2019 to September 25, 2019, subject to review. The bank has been under directions since September 25, 2018 vide directive dated September 19, 2018 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The validity of the directive, which was issued up to Marc
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مارس 22, 2019The Tadpatri Co-operative Town Bank Ltd., Tadpatri, Andhra Pradesh - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 200,000/- (Rupees Two lakh only) on The Tadpatri Co-operative Town Bank Ltd., Tadpatri, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provision of section 6(1)(g) and section 6(1)(k) read with section 56 of Banking Regulation Act, 1The Reserve Bank of India has imposed a monetary penalty of ₹ 200,000/- (Rupees Two lakh only) on The Tadpatri Co-operative Town Bank Ltd., Tadpatri, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (c) read with Section 46 (4) of The Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provision of section 6(1)(g) and section 6(1)(k) read with section 56 of Banking Regulation Act, 1
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مارس 20, 2019RBI cancels Certificate of Registration of 29 NBFCsThe Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Dazzle Holdings Private Limited 1216, 12th Floor, 38, Ansal Tower, Nehru Place, New Delhi-110 019 B-14.01764 June 24, 2000 January 14, 2019 2The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR 1. Dazzle Holdings Private Limited 1216, 12th Floor, 38, Ansal Tower, Nehru Place, New Delhi-110 019 B-14.01764 June 24, 2000 January 14, 2019 2
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مارس 20, 2019The Mahila Vikas Co-operative Bank Ltd., Ahmedabad (Gujarat) (Non-scheduled UCB) - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 10.00 lakh (Rupees ten lakh only) on The Mahila Vikas Co-operative Bank Ltd. Ahmedabad (Gujarat) (Non-scheduled UCB) in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI instructions/guidelines relating to ceiling on unsecured advances, loans and advances to diThe Reserve Bank of India has imposed a monetary penalty of ₹ 10.00 lakh (Rupees ten lakh only) on The Mahila Vikas Co-operative Bank Ltd. Ahmedabad (Gujarat) (Non-scheduled UCB) in exercise of the powers vested in it under the provisions of Section 47A (1) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI instructions/guidelines relating to ceiling on unsecured advances, loans and advances to di
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مارس 20, 20193 NBFCs surrender their Certificate of Registration to RBIThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Rajat Export Imports (India) Private Limited A 134, Arjan Nagar, Kotla MubarakpurThe following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1. Rajat Export Imports (India) Private Limited A 134, Arjan Nagar, Kotla Mubarakpur
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مارس 14, 2019RBI releases 2018 list of Domestic Systemically Important Banks (D-SIBs)SBI, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as last year. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs has already been phased-in from April 1, 2016 and will become fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. The updated list of D-SIBs is as follows- Bucket Banks AdditionSBI, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as last year. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs has already been phased-in from April 1, 2016 and will become fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. The updated list of D-SIBs is as follows- Bucket Banks Addition
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مارس 14, 2019Re-categorization of IDBI Bank Ltd. as a Private Sector BankIDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank of India with effect from January 21, 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid-up equity share capital of the bank. Jose J. Kattoor Chief General Manager Press Release: 2018-2019/2194IDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank of India with effect from January 21, 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid-up equity share capital of the bank. Jose J. Kattoor Chief General Manager Press Release: 2018-2019/2194
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مارس 14, 2019Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, MaharashtraReserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of three months from March 14, 2019 to June 13, 2019. The Directions stipulate certain restrictions aReserve Bank of India, in the public interest, had issued directions to Vasantdada Nagari Sahakari Bank Ltd, Osmanabad, Maharashtra in exercise of powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS) from the close of business on November 13, 2017. Reserve Bank of India has now further extended the directions for a period of three months from March 14, 2019 to June 13, 2019. The Directions stipulate certain restrictions a
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مارس 13, 2019Banaras Mercantile Co-operative Bank Ltd., Varanasi , (U.P.) - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 1,50,000/- (Rupees one lakh fifty thousand Only) on Banaras Mercantile Co-operative Bank Ltd., Varanasi, (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to Supervisory Instructions issued under Section 36(1) of the Banking RThe Reserve Bank of India has imposed a monetary penalty of ₹ 1,50,000/- (Rupees one lakh fifty thousand Only) on Banaras Mercantile Co-operative Bank Ltd., Varanasi, (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to Supervisory Instructions issued under Section 36(1) of the Banking R
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مارس 13, 2019National Mercantile Co-operative Bank Ltd., Lucknow, (U.P.) - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on National Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines for delay in submission of compliance. The Reserve Bank of India had issued aThe Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on National Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines for delay in submission of compliance. The Reserve Bank of India had issued a
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مارس 13, 2019The Urban Co-operative Bank Ltd., Maunath Bhanjan, (U.P.) - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 3,00,000/-(Rupees three lakh Only) on The Urban Co-operative Bank Ltd., Maunath Bhanjan (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to Supervisory Instructions issued under Section 36(1) of the Banking Regulation Act, 19The Reserve Bank of India has imposed a monetary penalty of ₹ 3,00,000/-(Rupees three lakh Only) on The Urban Co-operative Bank Ltd., Maunath Bhanjan (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to Supervisory Instructions issued under Section 36(1) of the Banking Regulation Act, 19
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مارس 13, 2019Lucknow University Primary Co-operative Bank Ltd., Lucknow, (U.P.) - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees one lakh Only) on Lucknow University Primary Co-operative Bank Ltd., Lucknow (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to Supervisory Instructions issued under Section 36(1) of the Banking RegulationThe Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees one lakh Only) on Lucknow University Primary Co-operative Bank Ltd., Lucknow (U.P.) in exercise of powers vested under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for violation of RBI Instructions/Guidelines relating to Supervisory Instructions issued under Section 36(1) of the Banking Regulation
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مارس 11, 2019RBI extends validity of the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar PradeshThe Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2019 to September 11, 2019, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity was extended vide RBIThe Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of six months from March 12, 2019 to September 11, 2019, subject to review. The bank has been under directions since June 12, 2014 vide directive dated June 4, 2014 issued under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). The aforesaid directive was modified / its validity was extended vide RBI
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مارس 08, 2019Reserve Bank of India imposes monetary penalty on 36 banksThe Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019 and February 25, 2019, monetary penalty for non-compliance with various directions issued by RBI on time-bound implementation and strengthening of SWIFT-related operational controls on 36 banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of Baroda 40 2. Catholic Syrian Bank Limited 40 3. Citibank N.A. 40 4. Indian Bank 40 5. Karnataka Bank Limited 40The Reserve Bank of India (RBI) has imposed, by orders dated January 31, 2019 and February 25, 2019, monetary penalty for non-compliance with various directions issued by RBI on time-bound implementation and strengthening of SWIFT-related operational controls on 36 banks as detailed below: Sr. No. Name of the bank Amount of penalty (in ₹ Million) 1. Bank of Baroda 40 2. Catholic Syrian Bank Limited 40 3. Citibank N.A. 40 4. Indian Bank 40 5. Karnataka Bank Limited 40
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مارس 08, 2019Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra - Extension of periodThe Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions were extended from time to time last being vide directive dated October 30, 2018 up to March 9, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) ofThe Karad Janata Sahakari Bank Ltd., Karad was placed under directions vide directive dated November 7, 2017 from the close of business on November 9, 2017 for a period of six months. The validity of the above directions were extended from time to time last being vide directive dated October 30, 2018 up to March 9, 2019. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of
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مارس 07, 2019Nagar Sahkari Bank Ltd., Etawah (Uttar Pradesh) - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh Only) on Nagar Sahkari Bank Ltd., Etawah (Uttar Pradesh) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank of IndiaThe Reserve Bank of India has imposed a monetary penalty of ₹ 1,00,000/- (Rupees One Lakh Only) on Nagar Sahkari Bank Ltd., Etawah (Uttar Pradesh) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank of India
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مارس 06, 2019Mahoba Urban Co-operative Bank Ltd., Mahoba, (U.P.) - PenalisedThe Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Mahoba Urban Co-operative Bank Ltd., Mahoba, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank oThe Reserve Bank of India has imposed a monetary penalty of ₹ 50,000/- (Rupees Fifty Thousand Only) on Mahoba Urban Co-operative Bank Ltd., Mahoba, (U.P.) in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Prudential Norms on Inter-bank Gross Exposure and Counter Party Limit. The Reserve Bank o
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