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Regulating Co-operative Banking-Announcement
Press Releases
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يوليو 16, 2015RBI imposes penalty on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat)The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat) in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s guidelines/ instructions by allowing cash withdrawal of ₹ 20.00 lakh after banking houThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat) in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s guidelines/ instructions by allowing cash withdrawal of ₹ 20.00 lakh after banking hou
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يوليو 15, 2015RBI issues Directions on United India Co-operative Bank Ltd., Nagina, Bijnor (Uttar Pradesh)The Reserve Bank of India is satisfied that in the public interest, it is necessary to issue certain directions to United India Co-operative Bank Ltd., Nagina, Bijnor (Uttar 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 the United IndiaThe Reserve Bank of India is satisfied that in the public interest, it is necessary to issue certain directions to United India Co-operative Bank Ltd., Nagina, Bijnor (Uttar 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 the United India
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يوليو 10, 2015RBI imposes Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Jijamata Mahila Sahakari Bank Ltd., Satara, MaharashtraIt 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 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra, whereby, from the close of business on July 10, 2015 the aforesaid bank shall not, withoutIt 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 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra, whereby, from the close of business on July 10, 2015 the aforesaid bank shall not, without
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يوليو 08, 2015RBI extends Directions on Amanath Co-operative Bank Ltd., Bengaluru from July 05, 2015 to January 04, 2016The Reserve Bank of India has notified that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act,1949, the Reserve Bank of India has issued certain Directions to Amanath Co-operative Bank Ltd., Bengaluru whereby, as from the close of business on April 05, 2013, the aforesaid bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur anThe Reserve Bank of India has notified that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act,1949, the Reserve Bank of India has issued certain Directions to Amanath Co-operative Bank Ltd., Bengaluru whereby, as from the close of business on April 05, 2013, the aforesaid bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur an
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يوليو 07, 2015Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Brahmawart Commercial Co-operative Bank Ltd., KanpurThe Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur. 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 Brahmawart CommerciThe Reserve Bank of India is satisfied that in the interest of the public it is necessary to issue certain directions to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur. 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 Brahmawart Commerci
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يوليو 03, 2015RBI issues Directions to Shri Sai Urban Cooperative Bank Ltd., Mukhed, District Nanded, MaharashtraThe Reserve Bank of India has issued Directions to Shri Sai Urban Cooperative Bank Ltd., Mukhed, District Nanded, Maharashtra for a period of six months with effect from close of business as on July 01, 2015. According to the Directions, Shri Sai Urban Cooperative Bank Ltd., Mukhed cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance oThe Reserve Bank of India has issued Directions to Shri Sai Urban Cooperative Bank Ltd., Mukhed, District Nanded, Maharashtra for a period of six months with effect from close of business as on July 01, 2015. According to the Directions, Shri Sai Urban Cooperative Bank Ltd., Mukhed cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance o
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يوليو 03, 2015RBI imposes penalty on The Banaskantha Mercantile Co-operative Bank Ltd., Palanpur, Dist. Banaskantha (Gujarat)The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Banaskantha Mercantile Co-operative Bank Ltd., Palanpur, Dist. Banaskantha (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) and AThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Banaskantha Mercantile Co-operative Bank Ltd., Palanpur, Dist. Banaskantha (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) and A
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يوليو 02, 2015RBI extends Directions on The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal up to January 6, 2016The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from July 07, 2015 to January 06, 2016, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f April 07, 2014 due to its very precarious financial position and the validity of which was subsequently extended onThe Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from July 07, 2015 to January 06, 2016, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f April 07, 2014 due to its very precarious financial position and the validity of which was subsequently extended on
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يوليو 01, 2015RBI modifies the Directive imposed on the HCBL Co-operative Bank Ltd., LucknowThe Reserve Bank of India has notified that in partial modification of its Directive DCBR.CO.BSD.IV/D-39/12.28.073/2014-15 dated April 10, 2015 it has, on June 29, 2015, relaxed the directions on the HCBL Co-operative Bank Ltd., Lucknow. In terms of the said Directive, among other conditions, a sum not exceeding Rs.1,00,000/- of the total balance in every savings bank or current account or any other deposit account by whatever name called, was allowed to be withdrawnThe Reserve Bank of India has notified that in partial modification of its Directive DCBR.CO.BSD.IV/D-39/12.28.073/2014-15 dated April 10, 2015 it has, on June 29, 2015, relaxed the directions on the HCBL Co-operative Bank Ltd., Lucknow. In terms of the said Directive, among other conditions, a sum not exceeding Rs.1,00,000/- of the total balance in every savings bank or current account or any other deposit account by whatever name called, was allowed to be withdrawn
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يونيو 29, 2015The R.S.Co-operative Bank Ltd., Mumbai, Maharashtra under RBI directionsIt 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 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The R.S. Co-operative Bank Ltd., Mumbai, Maharashtra, whereby, as from the close of business on June 26, 2015, the aforesaid bank shall not, withoutIt 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 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to The R.S. Co-operative Bank Ltd., Mumbai, Maharashtra, whereby, as from the close of business on June 26, 2015, the aforesaid bank shall not, without
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يونيو 29, 2015RBI cancels Licence of Vitthal Nagari Sahakari Bank Ltd., Latur (Maharashtra)The Reserve Bank of India (RBI) has cancelled the licence of Vitthal Nagari Sahakari Bank Ltd., Latur. The order was made effective from the close of business on June 26, 2015. The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The financial position was precarious and there was no scope for its revival. The bank doesThe Reserve Bank of India (RBI) has cancelled the licence of Vitthal Nagari Sahakari Bank Ltd., Latur. The order was made effective from the close of business on June 26, 2015. The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The financial position was precarious and there was no scope for its revival. The bank does
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يونيو 22, 2015RBI imposes penalty on The Hubli Urban Co-operative Bank Ltd., Hubli, KarnatakaThe Reserve Bank of India has imposed a monetary penalty of ₹20.00 lakh (Rupees Twenty lakh only) on the Hubli Urban Co-operative Bank Ltd., Hubli, Karnataka, in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s instructions for irregularities in cheque discounting, overdrawal in OD loan accounts etcThe Reserve Bank of India has imposed a monetary penalty of ₹20.00 lakh (Rupees Twenty lakh only) on the Hubli Urban Co-operative Bank Ltd., Hubli, Karnataka, in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s instructions for irregularities in cheque discounting, overdrawal in OD loan accounts etc
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يونيو 17, 2015RBI imposes penalty on The Junagadh Commercial Co-operative Bank Ltd., Junagadh (Gujarat)The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Junagadh Commercial Co-operative Bank Ltd., Junagadh (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) Norms / Anti-Money LaunderiThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Junagadh Commercial Co-operative Bank Ltd., Junagadh (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) Norms / Anti-Money Launderi
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يونيو 16, 2015RBI imposes penalty on The Sutex Co-operative Bank Ltd., Surat (Gujarat)The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on The Sutex Co-operative Bank Ltd., Surat (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) and Anti Money Laundering (AML). The ReserveThe Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh only) on The Sutex Co-operative Bank Ltd., Surat (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of the directives/guidelines of the Reserve Bank on Know Your Customer (KYC) and Anti Money Laundering (AML). The Reserve
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يونيو 12, 2015RBI extends Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana), Maharashtra till September 13, 2015The Reserve Bank of India has extended Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana) for a further period of three months from June 14, 2015 to September 13, 2015, subject to review. The bank was under directions since September 13, 2012. The Directions were earlier extended on four occasions for a period of six months each and on one occasion for a period of three months. The Directions were imposed in exercise of powers vestedThe Reserve Bank of India has extended Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon (Buldhana) for a further period of three months from June 14, 2015 to September 13, 2015, subject to review. The bank was under directions since September 13, 2012. The Directions were earlier extended on four occasions for a period of six months each and on one occasion for a period of three months. The Directions were imposed in exercise of powers vested
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يونيو 11, 2015RBI penalises The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat)The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh) on The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-compliance to Inspection Report(IR) for March 31, 2012 and March 31, 2013, not publishing its annual accountsThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh) on The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-compliance to Inspection Report(IR) for March 31, 2012 and March 31, 2013, not publishing its annual accounts
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يونيو 11, 2015RBI imposes penalty on The Pij Peoples Co-operative Bank Ltd., Pij, Dist. KhedaThe Reserve Bank of India has imposed a monetary penalty ₹ 1.00 lakh (Rupees One Lakh only) on the Pij People’s Co-operative Bank Ltd., Pij, Dist. Kheda (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation pertaining to risk categorization of accounts and non-reporting of Cash Transaction Reports (CTRs) to FinanciaThe Reserve Bank of India has imposed a monetary penalty ₹ 1.00 lakh (Rupees One Lakh only) on the Pij People’s Co-operative Bank Ltd., Pij, Dist. Kheda (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation pertaining to risk categorization of accounts and non-reporting of Cash Transaction Reports (CTRs) to Financia
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يونيو 10, 2015RBI extends Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh till September 11, 2015The Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of three months from June 12, 2015 to September 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur anyThe Reserve Bank of India has extended Directions issued to Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of three months from June 12, 2015 to September 11, 2015, subject to review. The bank was under directions since June 12, 2014. According to the Directions, Indian Mercantile Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any
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يونيو 09, 2015RBI imposes penalty on Integral Urban Co-operative Bank Limited, JaipurThe Reserve Bank of India has imposed a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only ) on the Integral Urban Co-operative Bank Limited, Jaipur, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for the following violations of the guidelines/directives on Know Your Customers (KYC)/Anti Money Laundering (AML) viz. (i) Absence ofThe Reserve Bank of India has imposed a monetary penalty of ₹ 20.00 lakh (Rupees twenty lakh only ) on the Integral Urban Co-operative Bank Limited, Jaipur, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for the following violations of the guidelines/directives on Know Your Customers (KYC)/Anti Money Laundering (AML) viz. (i) Absence of
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يونيو 02, 2015RBI imposes penalty on Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi, Dist. Vadodara (Gujarat)The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi, Dist. Vadodara (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of operational instructions issued by RBI u/s 36 (1) of the B R Act, 1949 (AACS) and RBIThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees five lakh only) on Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi, Dist. Vadodara (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of operational instructions issued by RBI u/s 36 (1) of the B R Act, 1949 (AACS) and RBI
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مايو 21, 2015RBI extends Directions issued to Rupee Co-operative Bank Ltd., PuneThe Reserve Bank of India has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of three months from May 22, 2015 to August 21, 2015, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on three occasions for a period of six months each and once for a period of three months. The last extension was for a period of six months from November 22, 2014 to May 2The Reserve Bank of India has extended directions issued to Rupee Co-operative Bank Ltd., Pune, Maharashtra for a further period of three months from May 22, 2015 to August 21, 2015, subject to review. The directions were originally imposed from February 22, 2013 to August 21, 2013 and were extended on three occasions for a period of six months each and once for a period of three months. The last extension was for a period of six months from November 22, 2014 to May 2
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مايو 18, 2015RBI extends Directions issued to Lokseva Sahakari Bank Ltd., Pune, MaharashtraThe Reserve Bank of India has extended Directions issued to Lokseva Sahakari Bank Ltd., Pune, Maharashtra for a further period of six months from May 20, 2015 to November 19, 2015, subject to review. The bank was under directions since May 19, 2014. The Directions were earlier extended for a period of six months. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub Section (1) of Section 35A of the Banking Regulation Act, 1949, (AACS)The Reserve Bank of India has extended Directions issued to Lokseva Sahakari Bank Ltd., Pune, Maharashtra for a further period of six months from May 20, 2015 to November 19, 2015, subject to review. The bank was under directions since May 19, 2014. The Directions were earlier extended for a period of six months. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub Section (1) of Section 35A of the Banking Regulation Act, 1949, (AACS)
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مايو 14, 2015RBI extends Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur, MaharashtraThe Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur, Maharashtra for a further period of three months from May 15, 2015 to August 14, 2015, subject to review. The bank was under directions since November 15, 2013. The Directions were earlier extended on three occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub Section (1) of Section 35A of theThe Reserve Bank of India has extended Directions issued to Vitthal Nagari Sahakari Bank Ltd., Latur, Maharashtra for a further period of three months from May 15, 2015 to August 14, 2015, subject to review. The bank was under directions since November 15, 2013. The Directions were earlier extended on three occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub Section (1) of Section 35A of the
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مايو 14, 2015RBI Penalised Tenali Co-operative Urban Bank Ltd., Tenali, Andhra PradeshThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Tenali Co-operative Urban Bank Ltd., Tenali, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949(As Applicable to Co-operative Societies), for violation of B. R. Act provisions relating to publication and submission of Balance sheet, Profit & Loss account and aThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Tenali Co-operative Urban Bank Ltd., Tenali, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949(As Applicable to Co-operative Societies), for violation of B. R. Act provisions relating to publication and submission of Balance sheet, Profit & Loss account and a
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مايو 11, 2015RBI imposes penalty on Sri Ganesh Co-operative Bank Ltd., Gulbarga, KarnatakaThe Reserve Bank of India has imposed a monetary penalty of ₹ 15.00 lakh (Rupees Fifteen lakh only) on Sri Ganesh Co-operative Bank Ltd., Gulbarga, Karnataka, in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s instructions for violating Know Your Customers (KYC)/Anti Money Laundering (AML) GuidelinThe Reserve Bank of India has imposed a monetary penalty of ₹ 15.00 lakh (Rupees Fifteen lakh only) on Sri Ganesh Co-operative Bank Ltd., Gulbarga, Karnataka, in exercise of powers vested in it under the provisions of Section 47 A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) for violation of Reserve Bank of India’s instructions for violating Know Your Customers (KYC)/Anti Money Laundering (AML) Guidelin
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مايو 05, 2015RBI cancels Licence of Shri Swami Samarth Urban Cooperative Bank Ltd., Naldurg (Osmanabad)The Reserve Bank of India (RBI) has cancelled the licence of Shri Swami Samarth Urban Co-operative Bank Ltd., Naldurg, Osmanabad. The order was made effective from the close of business on April 30, 2015. The Registrar of Co-operative Societies Maharashtra has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The financial position was precarious and there was no scope forThe Reserve Bank of India (RBI) has cancelled the licence of Shri Swami Samarth Urban Co-operative Bank Ltd., Naldurg, Osmanabad. The order was made effective from the close of business on April 30, 2015. The Registrar of Co-operative Societies Maharashtra has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The financial position was precarious and there was no scope for
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مايو 05, 2015RBI extends Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra till November 03, 2015The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from May 04, 2015 to November 03, 2015, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on five occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of thThe Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of six months from May 04, 2015 to November 03, 2015, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on five occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of th
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أبريل 30, 2015RBI extends Directions on the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.)The Reserve Bank of India has issued certain Directions to Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.). The directive shall continue to apply for a further period of six months from May 01, 2015 to October 31, 2015, subject to review. The bank is under directions from the close of business of October 31, 2012. According to the Directions, Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.) cannot, from the close of business on October 31, 2012 and without prior approvThe Reserve Bank of India has issued certain Directions to Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.). The directive shall continue to apply for a further period of six months from May 01, 2015 to October 31, 2015, subject to review. The bank is under directions from the close of business of October 31, 2012. According to the Directions, Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.) cannot, from the close of business on October 31, 2012 and without prior approv
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أبريل 27, 2015RBI imposes penalty on Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad, TelanganaThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949(As Applicable to Co-operative Societies), for violation of Section 20A of Banking Regulation Act, 1949 (AACS) and directives/guidelines of the Reserve Bank on loanThe Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949(As Applicable to Co-operative Societies), for violation of Section 20A of Banking Regulation Act, 1949 (AACS) and directives/guidelines of the Reserve Bank on loan
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أبريل 24, 2015RBI imposes penalty on The Halol Mercantile Co-operative Bank Ltd., Halol Dist. Panchmahals (Gujarat)The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on the The Halol Mercantile Co-operative Bank Ltd., Halol Dist. Panchmahals (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to sanctioning unsecured loans despite operational restriction imposed on it undThe Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on the The Halol Mercantile Co-operative Bank Ltd., Halol Dist. Panchmahals (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to sanctioning unsecured loans despite operational restriction imposed on it und
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أبريل 24, 2015RBI extends Directions on The Panihati Co-operative Bank Ltd., KolkataThe Reserve Bank of India has extended directions for a further period of six months from April 24, 2015 imposed on The Panihati Co-operative Bank Ltd., Panihati, Kolkata, West Bengal. The directions will continue to apply to the bank until October 23, 2015, subject to review. The Reserve Bank had first placed the bank under directions for six months on April 24, 2014 due to its very precarious financial position and the validity of which was subsequently extended upThe Reserve Bank of India has extended directions for a further period of six months from April 24, 2015 imposed on The Panihati Co-operative Bank Ltd., Panihati, Kolkata, West Bengal. The directions will continue to apply to the bank until October 23, 2015, subject to review. The Reserve Bank had first placed the bank under directions for six months on April 24, 2014 due to its very precarious financial position and the validity of which was subsequently extended up
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أبريل 17, 2015Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - HCBL Co-operative Bank Ltd., LucknowThe Reserve Bank of India has, after satisfying itself that it is necessary in public interest to do so, issued certain directions to HCBL Co-operative Bank Ltd., Lucknow. The instructions will remain in force for a period of six months, subject to review from time to time. Accordingly, HCBL Co-operative Bank Ltd., Lucknow, from the close of business on April 16, 2015, cannot, without prior approval in writing from the Reserve Bank of India, grant or renew any loans aThe Reserve Bank of India has, after satisfying itself that it is necessary in public interest to do so, issued certain directions to HCBL Co-operative Bank Ltd., Lucknow. The instructions will remain in force for a period of six months, subject to review from time to time. Accordingly, HCBL Co-operative Bank Ltd., Lucknow, from the close of business on April 16, 2015, cannot, without prior approval in writing from the Reserve Bank of India, grant or renew any loans a
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أبريل 15, 2015RBI cancels Certificate of Registration of M/s Ramir Finance & Leasing Company Ltd., PunjabThe Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Ramir Finance & Leasing Company Ltd. 11, Gurunanak Market, Shastri Nagar, Batala, Punjab-143505 A-06.00336 July 24, 2007 JanThe Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation M/s Ramir Finance & Leasing Company Ltd. 11, Gurunanak Market, Shastri Nagar, Batala, Punjab-143505 A-06.00336 July 24, 2007 Jan
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أبريل 13, 2015RBI withdraws Directions issued to Kisan Nagari Sahakari Bank Maryadit, Parbhani, MaharashtraThe Reserve Bank of India has withdrawn the All Inclusive Directions issued on January 29, 2015 to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra with effect from close of business as on April 09, 2015.The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed on the bank's premises for peThe Reserve Bank of India has withdrawn the All Inclusive Directions issued on January 29, 2015 to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra with effect from close of business as on April 09, 2015.The withdrawal of Directions is in exercise of powers vested in the Reserve Bank under sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies). A copy of the Order is displayed on the bank's premises for pe
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أبريل 10, 2015RBI imposes penalty on Vananchal Gramin Bank for violation of Branch Licensing GuidelinesThe Reserve Bank of India has imposed a penalty of ` 50,000/- (Rupees Fifty Thousand only) on Vananchal Gramin Bank, Dumka, Jharkhand in exercise of powers vested in it under provisions of Section 47A read with Section 46 (4) of the Banking Regulation Act, 1949, for violation of Branch Licensing Guidelines. The Reserve Bank of India had issued a show cause notice to the bank in response to which the banks submitted a written reply. After considering the facts of the cThe Reserve Bank of India has imposed a penalty of ` 50,000/- (Rupees Fifty Thousand only) on Vananchal Gramin Bank, Dumka, Jharkhand in exercise of powers vested in it under provisions of Section 47A read with Section 46 (4) of the Banking Regulation Act, 1949, for violation of Branch Licensing Guidelines. The Reserve Bank of India had issued a show cause notice to the bank in response to which the banks submitted a written reply. After considering the facts of the c
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أبريل 08, 2015RBI extends Directions on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.)The Reserve Bank of India has issued certain Directions to Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.). The directions shall continue to apply for a further period of six months from April 09, 2015 to October 08, 2015, subject to review. The bank is under directions from the close of business of April 09, 2010. According to the Reserve Bank’s directions, Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.) cannot, from the close of business on AprThe Reserve Bank of India has issued certain Directions to Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.). The directions shall continue to apply for a further period of six months from April 09, 2015 to October 08, 2015, subject to review. The bank is under directions from the close of business of April 09, 2010. According to the Reserve Bank’s directions, Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.) cannot, from the close of business on Apr
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مارس 31, 2015RBI penalises 16 Central Co-operative Banks (CCBs)The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) each on 16 Central Co-operative Banks listed below. Penalties have been imposed in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. Sr.No. Name of the Bank 1. TThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) each on 16 Central Co-operative Banks listed below. Penalties have been imposed in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. Sr.No. Name of the Bank 1. T
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مارس 26, 2015Pioneer Urban Co-operative Bank Ltd., Lucknow placed under DirectionsThe Reserve Bank of India has, after satisfying itself that it is necessary in public interest to do so, issued certain directions to Pioneer Urban Co-operative Bank Ltd., Lucknow. The instructions will remain in force for a period of six months, subject to review from time to time. Accordingly, Pioneer Urban Co-operative Bank Ltd., Lucknow, from the close of business on March 24, 2015, cannot, without prior approval in writing from the Reserve Bank of India, grant orThe Reserve Bank of India has, after satisfying itself that it is necessary in public interest to do so, issued certain directions to Pioneer Urban Co-operative Bank Ltd., Lucknow. The instructions will remain in force for a period of six months, subject to review from time to time. Accordingly, Pioneer Urban Co-operative Bank Ltd., Lucknow, from the close of business on March 24, 2015, cannot, without prior approval in writing from the Reserve Bank of India, grant or
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مارس 26, 2015RBI extends Directions issued to Shree Ganesh Sahakari Bank Ltd., Nashik, MaharashtraThe Reserve Bank of India has extended the validity of Directions issued to Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra for a further period of six months from March 30, 2015 to September 29, 2015 subject to review. The bank was under directions since April 01, 2013 which were extended thrice for a period of six months each from the close of business on October 01, 2013, April 01, 2014 and September 30, 2014. The Reserve Bank has issued these directions in exThe Reserve Bank of India has extended the validity of Directions issued to Shree Ganesh Sahakari Bank Ltd., Nashik, Maharashtra for a further period of six months from March 30, 2015 to September 29, 2015 subject to review. The bank was under directions since April 01, 2013 which were extended thrice for a period of six months each from the close of business on October 01, 2013, April 01, 2014 and September 30, 2014. The Reserve Bank has issued these directions in ex
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مارس 17, 2015RBI extends Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon, (Buldhana) Maharashtra till June 13, 2015The Reserve Bank of India has extended Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon, (Buldhana) Maharashtra for a further period of three months from March 14, 2015 to June 13, 2015, subject to review. The bank was under directions since September 2012. According to the Directions, The Janata Commercial Cooperative Bank Ltd., Khamgaon cannot and without prior approval of the Reserve Bank in writing, grant or renew any loans and advances,The Reserve Bank of India has extended Directions issued to The Janata Commercial Cooperative Bank Ltd., Khamgaon, (Buldhana) Maharashtra for a further period of three months from March 14, 2015 to June 13, 2015, subject to review. The bank was under directions since September 2012. According to the Directions, The Janata Commercial Cooperative Bank Ltd., Khamgaon cannot and without prior approval of the Reserve Bank in writing, grant or renew any loans and advances,
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مارس 13, 2015RBI extends Directions issued to The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, KolhapurThe Reserve Bank of India has extended Directions issued to The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur for a further period of six months from the close of business on March 01, 2015 to August 31, 2015, subject to review. The bank was under directions since August 28, 2014. The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operatThe Reserve Bank of India has extended Directions issued to The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur for a further period of six months from the close of business on March 01, 2015 to August 31, 2015, subject to review. The bank was under directions since August 28, 2014. The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operat
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مارس 10, 2015RBI extends Directions issued to Shree Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District - Pune, MaharashtraThe Reserve Bank of India has extended Directions issued to Shree Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District-Pune, Maharashtra for a further period of six months from the close of business on March 11, 2015, subject to review. The bank was under directions since September 12, 2014 The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As ApplicableThe Reserve Bank of India has extended Directions issued to Shree Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, District-Pune, Maharashtra for a further period of six months from the close of business on March 11, 2015, subject to review. The bank was under directions since September 12, 2014 The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable
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فبراير 20, 2015RBI extends Directions issued to Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, MaharashtraThe Reserve Bank of India has extended Directions issued to Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, Maharashtra for a further period of six months from the close of business on February 19, 2015, subject to review. The bank was under directions since August 20, 2014. The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative SThe Reserve Bank of India has extended Directions issued to Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, Maharashtra for a further period of six months from the close of business on February 19, 2015, subject to review. The bank was under directions since August 20, 2014. The Reserve Bank has issued these directions in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative S
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فبراير 20, 2015RBI cancels Licence of The United Commercial Co-operative Bank Ltd., Kanpur (Uttar Pradesh)The Reserve Bank of India (RBI) has cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur (Uttar Pradesh). The order was made effective from the close of business on January 24, 2015. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: Its operations were being carried out in a manner detrimental toThe Reserve Bank of India (RBI) has cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur (Uttar Pradesh). The order was made effective from the close of business on January 24, 2015. The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: Its operations were being carried out in a manner detrimental to
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فبراير 05, 2015RBI issues Directions to Kisan Nagari Sahakari Bank Maryadit, Parbhani, MaharashtraThe Reserve Bank of India has issued Directions to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra for a period of six months with effect from close of business as on January 29, 2015. According to the Directions, Kisan Nagari Sahakari Bank Maryadit, Parbhani cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh depoThe Reserve Bank of India has issued Directions to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra for a period of six months with effect from close of business as on January 29, 2015. According to the Directions, Kisan Nagari Sahakari Bank Maryadit, Parbhani cannot and without prior approval of the Reserve Bank in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh depo
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يناير 29, 2015RBI cancels Licence of Baranagar Co-operative Bank Ltd., Kolkata (West Bengal)The Reserve Bank of India (RBI) has cancelled the licence of Baranagar Co-operative Bank Ltd., Kolkata (West Bengal). The order was made effective from the close of business on January 21, 2015. The Registrar of Co-operative Societies, West Bengal has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank issued the order in view of the fact that the bank had ceased to be solvent, all efforts to revive hadThe Reserve Bank of India (RBI) has cancelled the licence of Baranagar Co-operative Bank Ltd., Kolkata (West Bengal). The order was made effective from the close of business on January 21, 2015. The Registrar of Co-operative Societies, West Bengal has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank issued the order in view of the fact that the bank had ceased to be solvent, all efforts to revive had
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يناير 27, 2015RBI cancels Licence of United Commercial Co-operative Bank Ltd., KanpurThe Reserve Bank of India has, on January 20, 2015, cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh to carry on banking business. As such, the bank cannot transact the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), including acceptance/repayment of deposits. The licence was cancelled under Section 22 of the Banking Regulation Act, 1949 (As applicabThe Reserve Bank of India has, on January 20, 2015, cancelled the licence of United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh to carry on banking business. As such, the bank cannot transact the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), including acceptance/repayment of deposits. The licence was cancelled under Section 22 of the Banking Regulation Act, 1949 (As applicab
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يناير 21, 2015RBI extends Directions on Amanath Co-operative Bank Ltd., Bengaluru till July 04, 2015The Reserve Bank of India has extended the Directions issued to Amanath Co-operative Bank Ltd., Bengaluru for a further period of six months from January 05, 2015 to July 04, 2015, subject to review. The bank was under Directions since April 05, 2013. According to the Directions, Amanath Co-operative Bank Ltd., Bengaluru cannot from the close of business on April 05, 2013, without prior approval of the Reserve Bank in writing grant or renew any loans and advances, makThe Reserve Bank of India has extended the Directions issued to Amanath Co-operative Bank Ltd., Bengaluru for a further period of six months from January 05, 2015 to July 04, 2015, subject to review. The bank was under Directions since April 05, 2013. According to the Directions, Amanath Co-operative Bank Ltd., Bengaluru cannot from the close of business on April 05, 2013, without prior approval of the Reserve Bank in writing grant or renew any loans and advances, mak
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يناير 01, 2015RBI extends Directions on The Suri Friends’ Union Cooperative Bank Limited, Suri, West BengalThe Reserve Bank of India has extended Directions issued to The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2015 to July 06, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f. April 7, 2014 due to its very precarious financial position and the validity of which was subsequently extended oThe Reserve Bank of India has extended Directions issued to The Suri Friends’ Union Cooperative Bank Limited, Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2015 to July 06, 2015, subject to review. The Reserve Bank had initially placed the bank under directions for six months w.e.f. April 7, 2014 due to its very precarious financial position and the validity of which was subsequently extended o
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ديسمبر 24, 2014RBI imposes penalty on Rajputana Mahila Urban Co-operative Bank Limited, JaipurThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur in exercise of powers vested in it under the provisions of Section 47(A) (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provisions of RBI guidelines on Know Your Customers (KYC) norms and Anti Money Laundering (AML) and exposure toThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur in exercise of powers vested in it under the provisions of Section 47(A) (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provisions of RBI guidelines on Know Your Customers (KYC) norms and Anti Money Laundering (AML) and exposure to
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