Press Releases - ஆர்பிஐ - Reserve Bank of India
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Regulating Co-operative Banking-Announcement
Press Releases
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ஏப். 02, 2014RBI penalises Vyavasayik Evam Audyogik Sahakari Bank Ltd., Morena, Madhya PradeshThe Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Vyavasayik Evam Audyogik Sahakari Bank Ltd., Morena, Madhya Pradesh 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 violation of section 20 of the BR Act 1949 (AACS), the directives/instructions/guidelines of the Reserve Bank on operatThe Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Vyavasayik Evam Audyogik Sahakari Bank Ltd., Morena, Madhya Pradesh 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 violation of section 20 of the BR Act 1949 (AACS), the directives/instructions/guidelines of the Reserve Bank on operat
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மார். 28, 2014RBI keeps Normal Ways and Means Advances to the State Governments Unchanged for Fiscal 2014-15The aggregate Normal Ways and Means Advances (WMA) limit for the State Governments inclusive of the Union Territory of Puducherry is placed at ` 15,360 crore for the year 2014-15. The limits are unchanged from the last revision effected on November 11, 2013. Other terms and conditions of the Scheme would also remain unchanged. The decision has been taken after a review of the State-wise current limits of Normal WMA. Ajit Prasad Assistant General Manager Press ReleaseThe aggregate Normal Ways and Means Advances (WMA) limit for the State Governments inclusive of the Union Territory of Puducherry is placed at ` 15,360 crore for the year 2014-15. The limits are unchanged from the last revision effected on November 11, 2013. Other terms and conditions of the Scheme would also remain unchanged. The decision has been taken after a review of the State-wise current limits of Normal WMA. Ajit Prasad Assistant General Manager Press Release
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மார். 24, 2014RBI penalises Dharmapuri District Central Co-operative Bank Ltd., Tamil NaduThe Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Dharmapuri District Central Co-operative Bank Ltd., Tamil Nadu, 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 Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issuedThe Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rupees five lakh only) on Dharmapuri District Central Co-operative Bank Ltd., Tamil Nadu, 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 Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued
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மார். 24, 2014RBI penalises National Central Co-operative Bank Ltd., BettiahThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on National Central Co-operative Bank Ltd., Bettiah, Bihar 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 Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a show cauThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on National Central Co-operative Bank Ltd., Bettiah, Bihar 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 Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a show cau
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மார். 19, 2014RBI penalises Amreli Nagarik Sahakari Bank Ltd, Dist. Amreli (Gujarat)The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on Amreli Nagarik Sahakari Bank Ltd, Dist. Amreli (Gujarat), in exercise of the powers vested on 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 RBI guidelines regarding issuance of at-par cheques/pay orders against receipt of cash. The Reserve Bank of India haThe Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh only) on Amreli Nagarik Sahakari Bank Ltd, Dist. Amreli (Gujarat), in exercise of the powers vested on 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 RBI guidelines regarding issuance of at-par cheques/pay orders against receipt of cash. The Reserve Bank of India ha
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மார். 19, 2014RBI penalises The District Co-operative Central Bank Ltd., Mahabubnagar, Andhra PradeshThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The District Cooperative Central Bank Ltd., Mahabubnagar, Andhra Pradesh 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 Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India hadThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The District Cooperative Central Bank Ltd., Mahabubnagar, Andhra Pradesh 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 Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had
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மார். 10, 2014RBI imposes penalty on Imperial Urban Co-operative Bank Ltd., Faizabad, Uttar PradeshThe Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five lakh only) on the Imperial Urban Co-operative Bank Ltd, Faizabad, Uttar Pradesh, in exercise of the 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 the following violations: Incorrect reporting of information in the Form I relating to CRR/ SLR and incorrect computThe Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five lakh only) on the Imperial Urban Co-operative Bank Ltd, Faizabad, Uttar Pradesh, in exercise of the 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 the following violations: Incorrect reporting of information in the Form I relating to CRR/ SLR and incorrect comput
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மார். 10, 2014RBI imposes penalty on Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar, Uttar PradeshThe Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five lakh only) on the Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar, Uttar Pradesh, in exercise of the 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 the following violations: Violation of exposure norms on single and group borrowers. Violation of reThe Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five lakh only) on the Adarsh Mahila Mercantile Co-operative Bank Ltd., Muzaffarnagar, Uttar Pradesh, in exercise of the 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 the following violations: Violation of exposure norms on single and group borrowers. Violation of re
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மார். 10, 2014Reserve Bank of India cancels the Licence of The Urban Co-operative Bank Ltd. (Bhubaneswar)The Urban Co-operative Bank Ltd., Bhubaneswar was granted a licence by the Reserve Bank of India on September 7, 1987 to conduct banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The Urban Co-operative Bank Ltd., Bhubaneswar, Odisha has now ceased to be solvent, all efforts to revive it having failed. The depositors being inconvenienced by the continued uncertainty, the Reserve Bank of India delivered theThe Urban Co-operative Bank Ltd., Bhubaneswar was granted a licence by the Reserve Bank of India on September 7, 1987 to conduct banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The Urban Co-operative Bank Ltd., Bhubaneswar, Odisha has now ceased to be solvent, all efforts to revive it having failed. The depositors being inconvenienced by the continued uncertainty, the Reserve Bank of India delivered the
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மார். 03, 2014RBI imposes penalty on The Chanasma Nagrik Sahakari Bank Ltd., Chanasma, District Patan (Gujarat)The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh) on The Chanasma Nagrik Sahakari Bank Ltd., Chanasma, District Patan (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 Know Your Customer (KYC) and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had isThe Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh) on The Chanasma Nagrik Sahakari Bank Ltd., Chanasma, District Patan (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 Know Your Customer (KYC) and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had is
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மார். 03, 2014RBI imposes penalty on Bijnor Urban Co-operative Bank Ltd., Bijnor, Uttar PradeshThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five lakh only) on the Bijnor Urban Co-operative Bank Ltd., Bijnor, Uttar Pradesh, in exercise of the 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 the following violations: Sanctioning Loans and Advances to Directors and their Relatives – Violation of Para 5 of MasThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five lakh only) on the Bijnor Urban Co-operative Bank Ltd., Bijnor, Uttar Pradesh, in exercise of the 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 the following violations: Sanctioning Loans and Advances to Directors and their Relatives – Violation of Para 5 of Mas
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பிப். 21, 2014RBI imposes penalty on Janata Urban Co-operative Bank Ltd, Wai, SataraThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on the Janata Urban Co-operative Bank Ltd, Wai, Satara 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 the directives / guidelines of the Reserve Bank of India on unsecured advances, loans and advances to the firms in whichThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on the Janata Urban Co-operative Bank Ltd, Wai, Satara 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 the directives / guidelines of the Reserve Bank of India on unsecured advances, loans and advances to the firms in which
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பிப். 20, 2014Cancellation of licence to carry on banking business in India under Section 22 (4) of the B.R.Act, 1949 (AACS) - The Municipal Co-op. Bank Ltd., AhmedabadIn view of the fact that The Municipal Co-operative Bank Ltd., Ahmedabad (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business of February 03, 2014. The Registrar of Co-operative Societies (In view of the fact that The Municipal Co-operative Bank Ltd., Ahmedabad (Gujarat) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Gujarat had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business of February 03, 2014. The Registrar of Co-operative Societies (
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பிப். 20, 2014RBI penalises The Amravati Zilla Mahila Sahakari Bank Ltd., AmravatiThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on The Amravati Zilla Mahila Sahakari Bank Ltd., Amravati, 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 violation of the guidelines issued by Reserve Bank of India on diversion of funds. The Reserve Bank of India had issued a show causeThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on The Amravati Zilla Mahila Sahakari Bank Ltd., Amravati, 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 violation of the guidelines issued by Reserve Bank of India on diversion of funds. The Reserve Bank of India had issued a show cause
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பிப். 20, 2014RBI penalises The Mahila Vikas Co-operative Bank Ltd., Ahmedabad (Gujarat)The Reserve Bank of India, in exercise of powers vested in it under the provisions of 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on the Mahila Vikas Co-operative Bank Ltd., Ahmedabad for violation of the Banking Regulation Act, 1949 (AACS)/RBI directives/instructions relating to non-adherence of KYC/AML guidelines. The Reserve BankThe Reserve Bank of India, in exercise of powers vested in it under the provisions of 47A (1) (b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on the Mahila Vikas Co-operative Bank Ltd., Ahmedabad for violation of the Banking Regulation Act, 1949 (AACS)/RBI directives/instructions relating to non-adherence of KYC/AML guidelines. The Reserve Bank
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பிப். 18, 2014RBI penalises Kisan Nagari Sahakari Bank Maryadit, ParbhaniThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on Kisan Nagari Sahakari Bank Maryadit, Parbhani 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 violation of the provisions of Section 35(2) and 46(1) of the Banking Regulation Act relating to non disclosure of Bank Guarantee issued and tThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on Kisan Nagari Sahakari Bank Maryadit, Parbhani 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 violation of the provisions of Section 35(2) and 46(1) of the Banking Regulation Act relating to non disclosure of Bank Guarantee issued and t
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பிப். 18, 2014RBI penalises The Aurangabad District Industrial and Urban Co-operative Bank Ltd., AurangabadThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on The Aurangabad District Industrial and Urban Co-operative Bank Ltd., Aurangabad 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 violation of the directives issued by Reserve Bank of India on KYC/AML guidelines, non-introduction of ConcurrThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on The Aurangabad District Industrial and Urban Co-operative Bank Ltd., Aurangabad 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 violation of the directives issued by Reserve Bank of India on KYC/AML guidelines, non-introduction of Concurr
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பிப். 14, 2014Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - Rupee Co-operative Bank Ltd. Dist.-Pune, MaharashtraIt is hereby notified for the information of public that in continuation to our directive UBD.CO.BSDI/D-28/12.22.218/2012-13 dated February 21, 2013 read with directive UBD.CO .BSD-1/D-04/12.22.218/2013-14 dated August 14, 2013 the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra has been extended for a further period of six months from February 22, 2014 to August 21, 2014 vide our modified directive UBD.CO.BSD-1/D-23/12.22.218/It is hereby notified for the information of public that in continuation to our directive UBD.CO.BSDI/D-28/12.22.218/2012-13 dated February 21, 2013 read with directive UBD.CO .BSD-1/D-04/12.22.218/2013-14 dated August 14, 2013 the validity period of directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra has been extended for a further period of six months from February 22, 2014 to August 21, 2014 vide our modified directive UBD.CO.BSD-1/D-23/12.22.218/
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ஜன. 15, 2014RBI penalises Rajkot Nagarik Sahakari Bank Ltd., Rajkot (Gujarat)The Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh) on the Rajkot Nagarik Sahakari Bank Ltd., Rajkot (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 relating to income recognition and asset classification norms, violation of Section 6 (1) (j) of the Act, non compliance tThe Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees Five Lakh) on the Rajkot Nagarik Sahakari Bank Ltd., Rajkot (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 relating to income recognition and asset classification norms, violation of Section 6 (1) (j) of the Act, non compliance t
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ஜன. 15, 2014The Gandhidham Mercantile Co-operative Bank Ltd, Dist Kutch (Gujarat) - PenalisedThe Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees Two Lakh only) on The Gandhidham Mercantile Co-operative Bank Ltd, Dist. Kutch (Gujarat), in exercise of the powers vested on 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 under Section 36(1) of B.R. Act, 1949 (AACS). The Reserve Bank of IndiThe Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees Two Lakh only) on The Gandhidham Mercantile Co-operative Bank Ltd, Dist. Kutch (Gujarat), in exercise of the powers vested on 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 under Section 36(1) of B.R. Act, 1949 (AACS). The Reserve Bank of Indi
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ஜன. 13, 2014RBI penalises The Urban Co-operative Bank Ltd., Bhalki, KarnatakaThe Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Urban Co-operative Bank Ltd., Bhalki, 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 contained in Circular UBD.BPD.Cir.50/13.05.00/2002-03 dated April 29, 2003 read withThe Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Urban Co-operative Bank Ltd., Bhalki, 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 contained in Circular UBD.BPD.Cir.50/13.05.00/2002-03 dated April 29, 2003 read with
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ஜன. 03, 2014RBI penalises Shree Vardhaman Sahakari Bank Ltd. Vadodara (Gujarat)The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on Shree Vardhaman Sahakari Bank Ltd. Vadodara (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 operational instructions issued by RBI under section 36(1) of the Banking Regulation Act, 1949 (AACS). The Reserve Bank ofThe Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on Shree Vardhaman Sahakari Bank Ltd. Vadodara (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 operational instructions issued by RBI under section 36(1) of the Banking Regulation Act, 1949 (AACS). The Reserve Bank of
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டிச. 09, 2013Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) The Merchants' Co-operative Bank Ltd, Dhule, MaharastraIt is hereby notified for the information of the public that validity period of directions imposed on The Merchants’ Co-operative Bank Ltd., Dhule, vide our directives UBD.CO.BSD-I.No.D-23/12.22.147/2012-13 dated December 12, 2012 has been extended for a further period of six months from December 13, 2013 to June 12, 2014 vide our modified directive UBD.CO.BSD-I.No.D-19/12.22.147/2013-14 dated December 3, 2013 subject to review. The other terms and conditions remain uIt is hereby notified for the information of the public that validity period of directions imposed on The Merchants’ Co-operative Bank Ltd., Dhule, vide our directives UBD.CO.BSD-I.No.D-23/12.22.147/2012-13 dated December 12, 2012 has been extended for a further period of six months from December 13, 2013 to June 12, 2014 vide our modified directive UBD.CO.BSD-I.No.D-19/12.22.147/2013-14 dated December 3, 2013 subject to review. The other terms and conditions remain u
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டிச. 06, 2013RBI penalises The Kakinada District Co-operative Central Bank Ltd., Andhra PradeshThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Kakinada District Co-operative Central Bank Ltd., Andhra Pradesh 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of IndiaThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Kakinada District Co-operative Central Bank Ltd., Andhra Pradesh 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India
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டிச. 05, 2013RBI penalises The Coimbatore District Central Co-operative Bank Ltd., Tamil NaduThe Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Coimbatore District Central Co-operative Bank Ltd., Tamil Nadu 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India haThe Reserve Bank of India has imposed a monetary penalty of `5.00 lakh (Rupees five lakh only) on The Coimbatore District Central Co-operative Bank Ltd., Tamil Nadu 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India ha
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நவ. 29, 2013Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh - Extension of Validity Period of DirectionsIt is hereby notified for the information of the public that the validity period of directions imposed on United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh vide our directive UBD.CO.BSD IV No.D-46/12.28.055/2012-13 dated May 24, 2013 has been extended further vide directive UBD.CO.BSD-IV No.D-18/ 12.28.055/2013-14 dated November 27, 2013 for a period of six months i.e. from December 01, 2013 to May 31, 2014. All the terms and conditions excepting the valIt is hereby notified for the information of the public that the validity period of directions imposed on United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh vide our directive UBD.CO.BSD IV No.D-46/12.28.055/2012-13 dated May 24, 2013 has been extended further vide directive UBD.CO.BSD-IV No.D-18/ 12.28.055/2013-14 dated November 27, 2013 for a period of six months i.e. from December 01, 2013 to May 31, 2014. All the terms and conditions excepting the val
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நவ. 26, 2013RBI Penalises Adarsh Co-operative Bank Limited, SirohiThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Adarh Urban Co-operative Bank Limited, Sirohi 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 violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India. The Reserve Bank of IndiaThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Adarh Urban Co-operative Bank Limited, Sirohi 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 violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India. The Reserve Bank of India
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நவ. 26, 2013RBI Penalises Rajsamand Urban Co-operative Bank Limited, RajsamandThe Reserve Bank of India has imposed a monetary penalty of ` 2.00 lakh (Rupees two lakh only) on Rajsamand Urban Co-operative Bank Limited, Rajsamand 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 violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India. The Reserve Bank ofThe Reserve Bank of India has imposed a monetary penalty of ` 2.00 lakh (Rupees two lakh only) on Rajsamand Urban Co-operative Bank Limited, Rajsamand 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 violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India. The Reserve Bank of
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நவ. 26, 2013RBI Penalises Sher Nagrik Sahakari Bank Ltd., Jabalpur (Madhya Pradesh)The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Sher Nagrik Sahakari Bank Ltd., Jabalpur (Madhya Pradesh), 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 RBI directive/instructions/ guidelines relating to Know Your Customers (KYC)/ Anti Money Laundering (AML) norms, chThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Sher Nagrik Sahakari Bank Ltd., Jabalpur (Madhya Pradesh), 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 RBI directive/instructions/ guidelines relating to Know Your Customers (KYC)/ Anti Money Laundering (AML) norms, ch
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நவ. 01, 2013The Udhna Citizen Co-operative Bank Ltd., Surat, (Gujarat) now under RBI Directions till May 1, 2014The Reserve Bank of India has extended the period of directions imposed on The Udhna Citizen Co-operative Bank Ltd., Surat for further six months. The Bank will thus continue to be under directions from November 2, 2013 to May 1, 2014. The modified directive has been displayed on the bank premises for interested members of public to peruse. The Reserve Bank has initially imposed directions on The Udhna Citizen Co-operative Bank Ltd., Surat from the close of business oThe Reserve Bank of India has extended the period of directions imposed on The Udhna Citizen Co-operative Bank Ltd., Surat for further six months. The Bank will thus continue to be under directions from November 2, 2013 to May 1, 2014. The modified directive has been displayed on the bank premises for interested members of public to peruse. The Reserve Bank has initially imposed directions on The Udhna Citizen Co-operative Bank Ltd., Surat from the close of business o
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அக். 24, 2013RBI Penalises Siwan Central Co-operative Bank Ltd., SiwanThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Siwan Central Co-operative Bank Ltd., Bihar 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a show causeThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Siwan Central Co-operative Bank Ltd., Bihar 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 non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a show cause
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அக். 22, 2013Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) Shri Shivaji Sahakari Bank Ltd, Gadhinjlaj, Kolhapur, MaharastraIt is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd, Gadhinjlaj, Kolhapur, Maharastra vide Directive UBD CO BSD-1/D-61/12.22.249/2011-12 dated October 24, 2011 has been extended further vide modified directive UBD.CO.BSD-I.No.D-12/12.22.249/2013-14 dated October 17, 2013 for a period of six months i.e. from October 25, 2013 to April 24, 2014. The other terms and conditions remain unchangeIt is hereby notified for the information of the public that validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd, Gadhinjlaj, Kolhapur, Maharastra vide Directive UBD CO BSD-1/D-61/12.22.249/2011-12 dated October 24, 2011 has been extended further vide modified directive UBD.CO.BSD-I.No.D-12/12.22.249/2013-14 dated October 17, 2013 for a period of six months i.e. from October 25, 2013 to April 24, 2014. The other terms and conditions remain unchange
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அக். 22, 2013Reserve Bank Cancels the Licence of Vishwakarma Nagari Sahakari Bank Maryadit, Aurangabad (Maharashtra)In view of the fact that Vishwakarma Nagari Sahakari Bank Maryadit, Aurangabad (Maharashtra) had ceased to be solvent & the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India on September 12, 2013 delivered its order dated September 10, 2013 to the bank cancelling its licence to carry out banking business and the same is effective from the close of business of September 12, 2013. The Registrar of Co-operative Societies, MaharaIn view of the fact that Vishwakarma Nagari Sahakari Bank Maryadit, Aurangabad (Maharashtra) had ceased to be solvent & the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India on September 12, 2013 delivered its order dated September 10, 2013 to the bank cancelling its licence to carry out banking business and the same is effective from the close of business of September 12, 2013. The Registrar of Co-operative Societies, Mahara
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அக். 15, 2013Reserve Bank Cancels the Licence of The Konkan Prant Sahakari Bank Ltd., Mumbai, (Maharashtra)In view of the fact that The Konkan Prant Sahakari Bank Ltd., Mumbai, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business as on October 1, 2013. The Registrar of Co-operative SocieIn view of the fact that The Konkan Prant Sahakari Bank Ltd., Mumbai, (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business as on October 1, 2013. The Registrar of Co-operative Socie
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அக். 14, 2013Reserve Bank Cancels the Licence of Shri Siddhi Vinayak Nagari Sahakari Bank Ltd.,Rasayani, Raigad Dist., (Maharashtra)In view of the fact that Shri Siddhi Vinayak Nagari Sahakari Bank Ltd., Rasayani, Raigad Dist., (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business as on September 25, 2013. The ReIn view of the fact that Shri Siddhi Vinayak Nagari Sahakari Bank Ltd., Rasayani, Raigad Dist., (Maharashtra) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India (RBI) delivered the order cancelling its licence to the bank and the same is effective from the close of business as on September 25, 2013. The Re
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அக். 08, 2013RBI penalises Rajputana Mahila Urban Co-operative Bank Ltd., JaipurThe Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees two lakh only) on Rajputana Mahila Urban Co-operative Bank Ltd., Jaipur, 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 violating the provisions of Section 35 (2) of B.R. Act, 1949 (AACS) by not providing records/information/statements of accounts ofThe Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees two lakh only) on Rajputana Mahila Urban Co-operative Bank Ltd., Jaipur, 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 violating the provisions of Section 35 (2) of B.R. Act, 1949 (AACS) by not providing records/information/statements of accounts of
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அக். 08, 2013Cancellation of licence of Kokan Prant Sahakari Bank Ltd, Mumbai, Maharastra To carry on banking businessIt is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order UBD.CO.BSD I/LC No. 6/12.22.114/2013-14, dated September 30, 2013, the licence of Kokan Prant Sahakari Bank Ltd,Mumbai, Maharastra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting theIt is hereby notified for the information of the public that the Reserve Bank of India has cancelled vide order UBD.CO.BSD I/LC No. 6/12.22.114/2013-14, dated September 30, 2013, the licence of Kokan Prant Sahakari Bank Ltd,Mumbai, Maharastra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of Banking Regulation Act, 1949. As such, the bank is precluded from transacting the
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அக். 03, 2013RBI penalises Prime Co-operative Bank Ltd., Surat (Gujarat)The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on Prime 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 violation of various RBI instructions relating to issuance of Demand Draft/Pay Order by the bank during the period from April 1, 2010 to MThe Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees Five Lakh only) on Prime 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 violation of various RBI instructions relating to issuance of Demand Draft/Pay Order by the bank during the period from April 1, 2010 to M
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செப். 30, 2013Cancellation of Licence of Shri Siddhivinayak Nagri Sahakari Bank Ltd, Rasayani, District Raigad, Maharastra to carry on banking businessThe Reserve Bank of India has notified that the licence of Shri Siddhivinayak Nagri Sahakari Bank Ltd., Rasayani, District Raigad, Maharastra has been cancelled vide order dated September 23, 2013 to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of 'banking' as defined in SectiThe Reserve Bank of India has notified that the licence of Shri Siddhivinayak Nagri Sahakari Bank Ltd., Rasayani, District Raigad, Maharastra has been cancelled vide order dated September 23, 2013 to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949. As such, the bank is precluded from transacting the business of 'banking' as defined in Secti
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செப். 30, 2013Reserve Bank Penalises United Commercial Co-operative Bank Limited, Kanpur, Uttar PradeshThe Reserve Bank of India has, 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) (hereinafter referred to as ‘the Act’) imposed a monetary penalty of ` 5.00 lakh (Rupees Five lakh only) on the United Commercial Co-operative Bank Limited, Kanpur, Uttar Pradesh (hereinafter referred to as "the bank") for the following violations: Non-submiThe Reserve Bank of India has, 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) (hereinafter referred to as ‘the Act’) imposed a monetary penalty of ` 5.00 lakh (Rupees Five lakh only) on the United Commercial Co-operative Bank Limited, Kanpur, Uttar Pradesh (hereinafter referred to as "the bank") for the following violations: Non-submi
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செப். 26, 2013Reserve Bank Cancels the Licence of Kasundia Co-operative Bank Ltd., Howrah (West Bengal)The Reserve Bank of India has, effective September 6, 2013, cancelled the licence of Kasundia Co-operative Bank Ltd. Howrah (West Bengal) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of licence, Kasundia Co-operative Bank Ltd. Howrah (West Bengal) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of the Banking Regulation Act 1949 (AACS). The RegisThe Reserve Bank of India has, effective September 6, 2013, cancelled the licence of Kasundia Co-operative Bank Ltd. Howrah (West Bengal) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of licence, Kasundia Co-operative Bank Ltd. Howrah (West Bengal) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of the Banking Regulation Act 1949 (AACS). The Regis
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செப். 19, 2013Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) - The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, GujaratThe Reserve Bank of India had issued 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, certain Directions to the Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 2, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any lThe Reserve Bank of India had issued 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, certain Directions to the Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), whereby as from the close of business as on April 2, 2012, the aforesaid bank shall not, without prior approval in writing from the Reserve Bank of India, grant or renew any l
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செப். 17, 2013RBI penalises Karjan Nagrik Sahakari Bank Ltd., Karjan Dist.Vadodara (Gujarat)The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the Karjan Nagrik Sahakari Bank Ltd., Karjan 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 RBI instructions relating to KYC norms. The Reserve Bank of India had issued a Show Cause Notice to theThe Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees One Lakh only) on the Karjan Nagrik Sahakari Bank Ltd., Karjan 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 RBI instructions relating to KYC norms. The Reserve Bank of India had issued a Show Cause Notice to the
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செப். 17, 2013RBI cancels Licence of Mahatma Fule Urban Co-operative Bank Ltd., Patoda, Dist. Beed (Maharashtra)The Reserve Bank of India has, effective August 24, 2013, cancelled the licence of Mahatma Fule Urban Co-operative Bank Ltd, Patoda, Dist. Beed (Maharashtra) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of its licence, Mahatma Fule Urban Co-operative Bank Ltd., Patoda Dist. Beed (Maharashtra) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of theThe Reserve Bank of India has, effective August 24, 2013, cancelled the licence of Mahatma Fule Urban Co-operative Bank Ltd, Patoda, Dist. Beed (Maharashtra) as it had ceased to be solvent and the depositors were being inconvenienced by the continued uncertainty. Consequent to the cancellation of its licence, Mahatma Fule Urban Co-operative Bank Ltd., Patoda Dist. Beed (Maharashtra) is prohibited from carrying on business of ‘banking’ as defined in Section 5(b) of the
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செப். 13, 2013Reserve Bank cancels the licence of The Srikakulam Co-operative Urban Bank Ltd., Srikakulam - Andhra PradeshIn view of the fact that The Srikakulam Co-operative Urban Bank Ltd., Srikakulam (Andhra Pradesh) had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence, dated August 23, 2013 to the bank on August 27, 2013. The Registrar of Co-operative Societies, Andhra Pradesh has also been requested to issue an order for winding up theIn view of the fact that The Srikakulam Co-operative Urban Bank Ltd., Srikakulam (Andhra Pradesh) had ceased to be solvent, all efforts to revive it had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence, dated August 23, 2013 to the bank on August 27, 2013. The Registrar of Co-operative Societies, Andhra Pradesh has also been requested to issue an order for winding up the
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செப். 10, 2013RBI penalises Jamia Cooperative Bank Ltd, 2/9, Surya Complex, Sarai Julena, Okhla Road, New Delhi - 110025The Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on Jamia Cooperative Bank Ltd, 2/9, Surya Complex, Sarai Jullena, Okhla Road, New Delhi -110025. The penalty has been imposed on the bank for violation of (i) Know Your Customer (KYC) and Anti Money Laundering (AML) norms insofar as carrying out sufficient customer identification procedures, ascertaining the identification of natural persons behind entities, carrying out enhanced due dilThe Reserve Bank of India has imposed a monetary penalty of `2 lakh (` Two lakh ) on Jamia Cooperative Bank Ltd, 2/9, Surya Complex, Sarai Jullena, Okhla Road, New Delhi -110025. The penalty has been imposed on the bank for violation of (i) Know Your Customer (KYC) and Anti Money Laundering (AML) norms insofar as carrying out sufficient customer identification procedures, ascertaining the identification of natural persons behind entities, carrying out enhanced due dil
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செப். 06, 2013RBI imposes penalty on The Karjan Nagarik Sahakari Bank Ltd., Karjan, District Vadodara (Gujarat)The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Karjan Nagarik Sahakari Bank Ltd., Karjan, District 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 the Reserve Bank's instructions relating to 'know your customer' (KYC) norms. The Reserve Bank hadThe Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Karjan Nagarik Sahakari Bank Ltd., Karjan, District 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 the Reserve Bank's instructions relating to 'know your customer' (KYC) norms. The Reserve Bank had
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ஆக. 27, 2013RBI imposes penalty on The Baripada Urban Co-operative Bank Ltd., BaripadaThe Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Baripada Urban Co-operative Bank Ltd., Baripada, 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 the provisions of Section 31 of the Banking Regulation Act, 1949 (AACS) relating to publication/submission of accounts aThe Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Baripada Urban Co-operative Bank Ltd., Baripada, 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 the provisions of Section 31 of the Banking Regulation Act, 1949 (AACS) relating to publication/submission of accounts a
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ஆக. 26, 2013RBI Directions on The Municipal Co-operative Bank Ltd., Ahmedabad extendedThe Municipal Co-operative Bank Ltd., Ahmedabad was imposed directions by Reserve Bank of India vide its Directive UBD.CO.NSB.II/D-85/12.21.114/2009-10 dated February 8, 2010, effective from close of business on February 15, 2010, in exercise of the powers vested under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The period of Directions imposed which was expiring on August 14, 2013, has since been furthThe Municipal Co-operative Bank Ltd., Ahmedabad was imposed directions by Reserve Bank of India vide its Directive UBD.CO.NSB.II/D-85/12.21.114/2009-10 dated February 8, 2010, effective from close of business on February 15, 2010, in exercise of the powers vested under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). The period of Directions imposed which was expiring on August 14, 2013, has since been furth
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ஆக. 23, 2013RBI penalises six banksThe Reserve Bank has imposed monetary penalty on the following six banks for violation of Reserve Bank of India instructions, inter alia, on Know Your Customer/Anti Money Laundering. The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` Crore) 1 Allahabad Bank 0.50 2 Bank of Maharashtra 0.501 3 Corporation Bank 1.50 4 Dena Bank 2.00 5 IDBI Bank Ltd. 1.00 6 Indian Bank 1.00 The penalties have been imposed in exercise of powers vested in the ReseThe Reserve Bank has imposed monetary penalty on the following six banks for violation of Reserve Bank of India instructions, inter alia, on Know Your Customer/Anti Money Laundering. The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in ` Crore) 1 Allahabad Bank 0.50 2 Bank of Maharashtra 0.501 3 Corporation Bank 1.50 4 Dena Bank 2.00 5 IDBI Bank Ltd. 1.00 6 Indian Bank 1.00 The penalties have been imposed in exercise of powers vested in the Rese
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