COOPERATIVEBANKS
Moneylife Digital Team 12 August 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1.06 crore on Union Bank of India for non-compliance with directions on creating a central repository of large common exposures across banks and know-your-customer (KYC).

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Moneylife Digital Team 09 August 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs2.50 lakh on two cooperative banks, one each from Maharashtra and Gujarat, for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 02 August 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs14.08 lakh on four cooperative banks from Maharashtra and one from Uttar Pradesh (UP) for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 26 July 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1 lakh each on two cooperative banks, one from Jharkhand and the other from Madhya Pradesh (MP) for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 23 July 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs5 lakh on Yashwant Cooperative Bank Ltd from Maharashtra for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 19 July 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs4.50 lakh on four cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 16 July 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs7.25 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 15 July 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs5.98 crore on three cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 05 July 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Varanasi-based Banaras Mercantile Cooperative Bank Ltd due to inadequate capital and poor earnings prospects of the lender.

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Moneylife Digital Team 05 July 2024
While upholding an order passed by the national company law tribunal (NCLT) for a resolution plan (RP) for corporate debtor DS Kulkarni Developers (DSK Developers) Ltd, the national company law appellate tribunal (NCLAT) deleted some clauses from the RP that were contrary to the law.

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Moneylife Digital Team 02 July 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs12 lakh on four cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 25 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs2.25 lakh on Hirasugar Employees' Cooperative Bank Ltd and National Insurance Employees Cooperative Credit & Banking Society Ltd for violating various rules and regulations prescribed by the regulator.

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Moneylife Digital Team 17 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs96.40 lakh on Bangladesh state-owned Sonali Bank PLC for non-compliance issues.

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Moneylife Digital Team 14 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs4.25 lakh on four cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Nandani Sahakari Bank Ltd from Maharashtra.

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Moneylife Digital Team 11 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs2.75 lakh on three cooperative banks and India Home Loan Ltd, a housing finance company (HFC), for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 04 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs3.75 lakh on two cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 03 June 2024
The Reserve Bank of India (RBI) has imposed a Rs88.70 lakh penalty on SBM Bank (India) Ltd for non-compliance with certain regulatory norms.

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Moneylife Digital Team 30 May 2024
The Reserve Bank of India (RBI) has imposed Rs36.38 lakh penalty on HSBC Ltd, an authorised dealer bank, for violating reporting requirements for remittance.

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Moneylife Digital Team 28 May 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1 crore on ICICI Bank Ltd and Rs91 lakh on Yes Bank Ltd for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 22 May 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs11.50 lakh on three cooperative banks from Uttar Pradesh (UP) for non-compliance with the directions issued by the banking regulator. A maximum penalty of Rs7 lakh has been imposed on Urban Cooperative Bank Ltd.

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