RBI Imposes Monetary Penalty

yotube
0
The Reserve Bank of India has imposed, a monetary penalty on the following banks based on the inspections findings, RBI had issued a Notice to the bank advising it to show cause as to why penalty should not be imposed  on it for failure to comply with the directions issued by Reserve bank of India and deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. After considering the bank’s reply to the notice and oral submissions during the personal hearing, RBI came to the conclusion that the aforesaid charges of non-compliance with RBI directions were substantiated and warranted imposition of monetary penalty.

RBI Imposes Monetary Penalty


The Reserve Bank of India has imposed monetary penalty of ₹3.00 lakh on Jila Sahakari Kendriya Bank Maryadit, Rajnandgaon (C.G.)

The Reserve Bank of India has imposed monetary penalty of ₹2.00 lakh on The United Puri-Nimapara Central Co-operative Bank Ltd.

The Reserve Bank of India has imposed monetary penalty of ₹50,000 on The Gauhati Co-operative Urban Bank Limited, Guwahati 

The Reserve Bank of India has imposed monetary penalty of ₹50,000 on Tura Urban Co-operative Bank Ltd., Tura 

The Reserve Bank of India has imposed monetary penalty of ₹1.00 lakh on The Moirang Primary Co-operative Bank Ltd.

The Reserve Bank of India has imposed monetary penalty of ₹50,000 on Mangaldai Nagar Samabai Bank Limited, Mangaldai



Post a Comment

0Comments
Post a Comment (0)

#buttons=(Accept !) #days=(20)

Our website uses cookies to enhance your experience. Learn More
Accept !
To Top