COOPERATIVEBANKS
Moneylife Digital Team 31 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs51.40 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs36.40 lakh has been imposed on Punjab Gramin Bank.

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Moneylife Digital Team 24 December 2024
Reserve Bank of India (RBI) has imposed a total penalty of Rs12.10 lakh on five cooperative banks from Gujarat for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 20 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs22.60 lakh on four cooperative banks from Madhya Pradesh (MP) and one from Mumbai, Maharashtra for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 17 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs22.96 lakh on four cooperative banks, including three from Gujarat and one from Maharashtra, for non-compliance with the directions issued by the banking regulator.

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In a reformist kind of judgement, the Kerala High Court has ruled that if documents held by a cooperative society are accessible to the registrar of cooperative societies and are not exempt from disclosure under section 8 of the Right to Information (RTI) Act, the registrar is obliged to procure the required information from the society and provide it to the RTI applicant.

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Moneylife Digital Team 13 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs2.25 lakh on three cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs1 lakh has been imposed on Pondicherry Cooperative Urban Bank Ltd.

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Moneylife Digital Team 12 December 2024
Reserve Bank of India (RBI) has imposed a fine of Rs5 lakh on Punjab-based Ropar Central Cooperative Bank Ltd for non-compliance with directions under the provisions of Section 26A of the Banking Regulation Act (BR Act).

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Moneylife Digital Team 10 December 2024
The Reserve Bank of India (RBI) has imposed a total penalty of Rs4.50 lakh on Gujarat-based Apani Sahkari Bank Ltd and Halol Mercantile Cooperative Bank Ltd for failing to follow directions issued by the banking regulator.

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Moneylife Digital Team 06 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs8 lakh on three cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs5 lakh has been imposed on Mirzapur Zila Sahkari Bank Ltd from Uttar Pradesh.

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Moneylife Digital Team 03 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs5 lakh each on two cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 29 November 2024
Reserve Bank of India (RBI) has imposed penalties of Rs8 lakh on a non-banking financial company (NBFC) and three cooperative banks for failing to comply with the directions issued by the banking regulator.

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Moneylife Digital Team 26 November 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs7.95 lakh on four cooperative banks and GPT Sons Pvt Ltd for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 22 November 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs8.35 lakh on five cooperative banks, including four from Gujarat and one from Odisha, for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 19 November 2024
Reserve Bank of India (RBI) has imposed a penalty of over Rs8.50 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs4.10 lakh has been imposed on Bihar-based National Central Cooperative Bank Ltd.

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Moneylife Digital Team 15 November 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs11.64 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 13 November 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Vijayawada, Andhra Pradesh-based Durga Cooperative Urban Bank Ltd due to inadequate capital and poor earning prospects of the lender.

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Moneylife Digital Team 12 November 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1.60 lakh on two cooperative banks, one each from West Bengal and Gujarat, for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs1.10 lakh has been imposed on Bally Cooperative Bank Ltd from West Bengal.

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Moneylife Digital Team 08 November 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs9.25 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 05 November 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs4.70 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 29 October 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs14.10 lakh on four cooperative banks from Maharashtra and one from Madhya Pradesh (MP) for non-compliance with the directions issued by the banking regulator.

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