COOPERATIVEBANKS
Moneylife Digital Team 20 May 2024
Reserve Bank of India has imposed a penalty of Rs59.10 lakh on Karnataka Bank Ltd for violating directions on interest rate on deposits and prudential norms on income recognition, asset classification and provisioning pertaining to advances.

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Moneylife Digital Team 10 May 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs50,000 on Thoothukudi District Central Cooperative Bank Ltd for delay in reporting of fraud.

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Moneylife Digital Team 07 May 2024
Reserve Bank of India (RBI) has imposed a Rs1.50 lakh penalty on Odisha Gramya Bank for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 03 May 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs8 lakh on three cooperative banks from Maharashtra for non-compliance with the directions issued by the banking regulator. A maximum penalty of Rs5 lakh has been imposed on Lokmangal Cooperative Bank Ltd.

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Moneylife Digital Team 30 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs4.75 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 26 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1 lakh each on five cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 23 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs14.50 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 19 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs60.30 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs43.30 lakh has been imposed on Gujarat-based Rajkot Nagarik Sahakari Bank Ltd.

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Moneylife Digital Team 17 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs3 lakh on Omkar Nagreeya Sahkari Bank Ltd from Kanpur in Uttar Pradesh (UP) for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 16 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs16 lakh on three cooperative banks from Uttar Pradesh (UP) and one from Haryana for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 10 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs17 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 08 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1.49 crore on IDFC First Bank Ltd and LIC Housing Finance Ltd (LICHF) for violating various rules and regulations prescribed by the regulator.

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Moneylife Digital Team 05 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs95.40 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator.

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Moneylife Digital Team 28 March 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 27 March 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs89.95 lakh on five cooperative banks for non-compliance with RBI directions or prohibitory orders. The highest penalty of Rs59.90 lakh has been imposed on Nashik-based Janalaxmi Cooperative Bank Ltd.

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Moneylife Digital Team 22 March 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs46.65 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs26.60 lakh has been imposed on Kalupur Commercial Cooperative Bank Ltd from Ahmedabad.

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Moneylife Digital Team 20 March 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1.95 crore penalty on Tamilnad Mercantile Bank Ltd and DCB Bank Ltd for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs1.31 crore lakh has been imposed on Tamilnad Mercantile Bank.

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Moneylife Digital Team 01 March 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs39.30 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs23.30 lakh has been imposed on Nagpur-based Shikshak Sahakari Bank Ltd.

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Moneylife Digital Team 29 February 2024
The Reserve Bank of India (RBI) has cancelled the certificate of registration of Rajasthan-based Sumerpur Mercantile Urban Cooperative Bank Ltd due to the lender's inadequate capital and poor earnings prospects. RBI has asked the Bank to stop banking business from 28 February 2024.

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Moneylife Digital Team 27 February 2024
Reserve Bank of India (RBI) has imposed a Rs82 lakh penalty on City Union Bank Ltd and Ocean Capital Market Ltd, a non-banking financial company (NBFC), for violating various rules and regulations.

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