COOPERATIVEBANKS
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 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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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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