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ଜୁନ 26, 2023
RBI imposes monetary penalty on Textile Traders Co-operative Bank Ltd., Ahmedabad (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated June 19, 2023, imposed a monetary penalty of ₹4.50 lakh (Rupees Four Lakh Fifty Thousand only) on Textile Traders Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorized Electronic Banking Transactions’, and ‘Know Your Custome
The Reserve Bank of India (RBI) has, by an Order dated June 19, 2023, imposed a monetary penalty of ₹4.50 lakh (Rupees Four Lakh Fifty Thousand only) on Textile Traders Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorized Electronic Banking Transactions’, and ‘Know Your Custome
ଜୁନ 19, 2023
ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ ଦ୍ୱାରା ଦି ଅର୍ବାନ କୋଅପĞ
19 ଜୁନ୍, 2023 ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ ଦ୍ୱାରା ଦି ଅର୍ବାନ କୋଅପରେଟିଭ୍ ବ୍ୟାଙ୍କ ଲିମିଟେଡ୍, ରାଉରକେଲା (ଓଡିଶା) ଉପରେ ଆର୍ଥିକ ଜରିମାନା ଲାଗୁ ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ (ଆରବିଆଇ) ଦ୍ୱାରା, 09 ଜୁନ 2023 ର ଏକ ଆଦେଶ ଅନୁଯାୟୀ, ଦି ଅର୍ବାନ କୋଅପରେଟିଭ୍ ବ୍ୟାଙ୍କ ଲିମିଟେଡ୍, ରାଉରକେଲା (ବ୍ୟାଙ୍କ) ଉପରେ ଆରବିଆଇ ଦ୍ୱାରା ଜାରି ନିଜ ଗ୍ରାହକଙ୍କୁ ଜାଣନ୍ତୁ (କେଵାଇସି) ନିର୍ଦ୍ଦେଶନାମା ଏବଂ ପ୍ରାଥମିକ (ଅର୍ବାନ) କୋଅପରେଟିଭ୍ ବ୍ୟାଙ୍କ ଦ୍ଵାରା ଜମା ଖାତା ର ପରିଚାଳନ ସମ୍ବଧିତ ନିର୍ଦ୍ଦେଶାବଳୀ ପାଳନ ନକରିଥିବା ହେତୁ/ ଉଲ୍ଲଂଘନ କରିଥିବା ହେତୁ, ₹6.00 ଲକ୍ଷ (ଛଅ ଲକ୍
19 ଜୁନ୍, 2023 ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ ଦ୍ୱାରା ଦି ଅର୍ବାନ କୋଅପରେଟିଭ୍ ବ୍ୟାଙ୍କ ଲିମିଟେଡ୍, ରାଉରକେଲା (ଓଡିଶା) ଉପରେ ଆର୍ଥିକ ଜରିମାନା ଲାଗୁ ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ (ଆରବିଆଇ) ଦ୍ୱାରା, 09 ଜୁନ 2023 ର ଏକ ଆଦେଶ ଅନୁଯାୟୀ, ଦି ଅର୍ବାନ କୋଅପରେଟିଭ୍ ବ୍ୟାଙ୍କ ଲିମିଟେଡ୍, ରାଉରକେଲା (ବ୍ୟାଙ୍କ) ଉପରେ ଆରବିଆଇ ଦ୍ୱାରା ଜାରି ନିଜ ଗ୍ରାହକଙ୍କୁ ଜାଣନ୍ତୁ (କେଵାଇସି) ନିର୍ଦ୍ଦେଶନାମା ଏବଂ ପ୍ରାଥମିକ (ଅର୍ବାନ) କୋଅପରେଟିଭ୍ ବ୍ୟାଙ୍କ ଦ୍ଵାରା ଜମା ଖାତା ର ପରିଚାଳନ ସମ୍ବଧିତ ନିର୍ଦ୍ଦେଶାବଳୀ ପାଳନ ନକରିଥିବା ହେତୁ/ ଉଲ୍ଲଂଘନ କରିଥିବା ହେତୁ, ₹6.00 ଲକ୍ଷ (ଛଅ ଲକ୍
ଜୁନ 12, 2023
RBI imposes monetary penalty on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat)
The Reserve Bank of India (RBI) has, by an Order dated June 05, 2023, imposed a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Reporting of unauthorised transactions by customers to banks’, ‘Names as Appearing in the Certificate of Registration and the Licence - Use of - Primary (Urban) Co-operative Banks (UCBs)’ and ‘Frauds in UCBs: Changes i
The Reserve Bank of India (RBI) has, by an Order dated June 05, 2023, imposed a monetary penalty of ₹10.00 lakh (Rupees ten lakh only) on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Reporting of unauthorised transactions by customers to banks’, ‘Names as Appearing in the Certificate of Registration and the Licence - Use of - Primary (Urban) Co-operative Banks (UCBs)’ and ‘Frauds in UCBs: Changes i
ମଇ 29, 2023
RBI imposes monetary penalty on Kohinoor Sahakari Bank Ltd., Ichalkaranji, Maharashtra
The Reserve Bank of India (RBI) has, by an order dated May 23, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kohinoor Sahakari Bank Ltd., Ichalkaranji (the bank) for non-compliance with the directions issued by RBI on ‘Investments by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of Banking Regulation Act, 1949 (B
The Reserve Bank of India (RBI) has, by an order dated May 23, 2023, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Kohinoor Sahakari Bank Ltd., Ichalkaranji (the bank) for non-compliance with the directions issued by RBI on ‘Investments by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI conferred under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of Banking Regulation Act, 1949 (B
ଅଗଷ୍ଟ 18, 2023
Review of Regulatory Framework for IDF-NBFCs

REF: No. MPD. BC.244/07.01.279/ 2003-04 November 5, 2003Kartika 14, 1925(S)To All Primary DealersDear Sirs,Primary Dealers' Access to Call/Notice Money MarketPlease refer to Paragraphs 62 and 63 of the Governor’s statement on Mid-term Review of Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.241/07.01.279/2003-04 dated November 3, 2003 (copy of the paragraphs enclosed). 2. It may be recalled that following the annual policy Stateme

REF: No. MPD. BC.244/07.01.279/ 2003-04 November 5, 2003Kartika 14, 1925(S)To All Primary DealersDear Sirs,Primary Dealers' Access to Call/Notice Money MarketPlease refer to Paragraphs 62 and 63 of the Governor’s statement on Mid-term Review of Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.241/07.01.279/2003-04 dated November 3, 2003 (copy of the paragraphs enclosed). 2. It may be recalled that following the annual policy Stateme

ଅଗଷ୍ଟ 31, 2023
Monetary and Credit Information Review

 Contents

Sections

I. Monetary Policy

II. Regulation

III. Payment and Settlement Systems

IV. Fintech

V. Financial Stability Analysis

VI. Publication

VII. Data Release

  

Volume XIX | Issue 5 | August 2023
MONETARY & CREDIT INFORMATION REVIEWAzad Logo

 

  

 

  

 

 

Note from the Editor

Welcome to another edition of the Monetary and Credit Information Review (MCIR). This monthly periodical of the Reserve Bank helps keep abreast with new developments and important policy initiatives taken by the Reserve Bank during the month of August 2023 in the world of money and credit. MCIR can be accessed at https://mcir.rbi.org.in as well as by scanning the QR code.

Through this communication tool, we aim to share information, educate and stay in touch while ensuring factual accuracy and consistency in disseminating the information.

We welcome your feedback at mcir@rbi.org.in

 Contents

Sections

I. Monetary Policy

II. Regulation

III. Payment and Settlement Systems

IV. Fintech

V. Financial Stability Analysis

VI. Publication

VII. Data Release

  

Volume XIX | Issue 5 | August 2023
MONETARY & CREDIT INFORMATION REVIEWAzad Logo

 

  

 

  

 

 

Note from the Editor

Welcome to another edition of the Monetary and Credit Information Review (MCIR). This monthly periodical of the Reserve Bank helps keep abreast with new developments and important policy initiatives taken by the Reserve Bank during the month of August 2023 in the world of money and credit. MCIR can be accessed at https://mcir.rbi.org.in as well as by scanning the QR code.

Through this communication tool, we aim to share information, educate and stay in touch while ensuring factual accuracy and consistency in disseminating the information.

We welcome your feedback at mcir@rbi.org.in

ଜୁନ 26, 2023
ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ ଦ୍ୱାରା ବ୍ରହ୍ମପୁର କୋଅପ
26 ଜୁନ୍, 2023 ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ ଦ୍ୱାରା ବ୍ରହ୍ମପୁର କୋଅପରେଟିଭ୍ ଅର୍ବାନ ବ୍ୟାଙ୍କ ଲିମିଟେଡ୍, ଓଡିଶା ଉପରେ ଆର୍ଥିକ ଜରିମାନା ଲାଗୁ ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ (ଆରବିଆଇ) ଦ୍ୱାରା, 21 ଜୁନ 2023 ର ଏକ ଆଦେଶ ଅନୁଯାୟୀ, ବ୍ରହ୍ମପୁର କୋଅପରେଟିଭ୍ ଅର୍ବାନ ବ୍ୟାଙ୍କ ଲିମିଟେଡ୍,, ଓଡିଶା (ବ୍ୟାଙ୍କ) ଉପରେ ଆରବିଆଇ ଦ୍ୱାରା ଜାରି ‘ଏକ୍ସପୋଜର ମାନଦଣ୍ଡ ଏବଂ ବିଧିଗତ / ଅନ୍ୟାନ୍ୟ ପ୍ରତିବନ୍ଧକ - ଅର୍ବାନ କୋଅପରେଟିଭ୍ ବ୍ୟାଙ୍କ’ ଏବଂ ନିଜ ଗ୍ରାହକଙ୍କୁ ଜାଣନ୍ତୁ (KYC) ନିର୍ଦ୍ଦେଶନାମା ନିର୍ଦ୍ଦେଶାବଳୀ ପାଳନ ନକରିଥିବା ହେତୁ/ ଉଲ୍ଲଂଘନ କରିଥିବା ହେତୁ, ₹1.00 ଲକ୍ଷ (
26 ଜୁନ୍, 2023 ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ ଦ୍ୱାରା ବ୍ରହ୍ମପୁର କୋଅପରେଟିଭ୍ ଅର୍ବାନ ବ୍ୟାଙ୍କ ଲିମିଟେଡ୍, ଓଡିଶା ଉପରେ ଆର୍ଥିକ ଜରିମାନା ଲାଗୁ ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ (ଆରବିଆଇ) ଦ୍ୱାରା, 21 ଜୁନ 2023 ର ଏକ ଆଦେଶ ଅନୁଯାୟୀ, ବ୍ରହ୍ମପୁର କୋଅପରେଟିଭ୍ ଅର୍ବାନ ବ୍ୟାଙ୍କ ଲିମିଟେଡ୍,, ଓଡିଶା (ବ୍ୟାଙ୍କ) ଉପରେ ଆରବିଆଇ ଦ୍ୱାରା ଜାରି ‘ଏକ୍ସପୋଜର ମାନଦଣ୍ଡ ଏବଂ ବିଧିଗତ / ଅନ୍ୟାନ୍ୟ ପ୍ରତିବନ୍ଧକ - ଅର୍ବାନ କୋଅପରେଟିଭ୍ ବ୍ୟାଙ୍କ’ ଏବଂ ନିଜ ଗ୍ରାହକଙ୍କୁ ଜାଣନ୍ତୁ (KYC) ନିର୍ଦ୍ଦେଶନାମା ନିର୍ଦ୍ଦେଶାବଳୀ ପାଳନ ନକରିଥିବା ହେତୁ/ ଉଲ୍ଲଂଘନ କରିଥିବା ହେତୁ, ₹1.00 ଲକ୍ଷ (
ଜୁନ 26, 2023
RBI imposes monetary penalty on Panihati Co-operative Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated June 20, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on Panihati Co-operative Bank Ltd. (the bank) for contravention of/ non-adherence with the directions issued by RBI on (i) “Exposure Norms and Statutory / Other Restrictions – UCBs” and (ii) “Know Your Customer (KYC) Direction, 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions
The Reserve Bank of India (RBI) has imposed, by an order dated June 20, 2023, a monetary penalty of ₹2,50,000/- (Rupees Two Lakh Fifty Thousand only) on Panihati Co-operative Bank Ltd. (the bank) for contravention of/ non-adherence with the directions issued by RBI on (i) “Exposure Norms and Statutory / Other Restrictions – UCBs” and (ii) “Know Your Customer (KYC) Direction, 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions
ଜୁନ 27, 2023
RBI imposes monetary penalty on Solapur Siddheshwar Sahakari Bank Limited, Solapur (Maharashtra)

The Reserve Bank of India (RBl) has imposed, by an order dated June 22, 2023, a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on Solapur Siddheshwar Sahakari Bank Limited, Solapur (Maharashtra) (the bank) for contravention of/ non-adherence with the directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and S

The Reserve Bank of India (RBl) has imposed, by an order dated June 22, 2023, a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on Solapur Siddheshwar Sahakari Bank Limited, Solapur (Maharashtra) (the bank) for contravention of/ non-adherence with the directions issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and S

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