RBI imposes monetary penalty of over Rs 63 lakh on Bombay Mercantile Co-operative Bank Ltd

Feb 08, 2024

The RBI, in an official statement, said that this action is based on a deficiency in regulatory compliance and is not intended to pronounce...

RBI imposes penalties on nine cooperative banks for violating compliances

Nov 15, 2022

Those banks are The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank , The Jamshedpur Urban Cooperative Bank, Krishna Mercantile Co-operative Bank ,...

RBI imposes monetary penalty of Rs 2 lakh on Sardargunj Mercantile Co-operative Bank

Dec 28, 2023

The Reserve Bank of India (RBI) on Thursday issued an order imposing a monetary penalty of Rs 2 lakh on Gujarat-based Sardargunj Mercantile Co-operative...

RBI imposes monetary penalty on three co-operative banks in Gujarat

Dec 28, 2023

The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 50,000 on Gujarat-based Panchsheel Mercantile Co-operative...

HDFC Life and NKGSB Co-Operative Bank Enter into a Corporate Tie-Up

Dec 21, 2023

Mumbai (Maharashtra) [India], December 21: HDFC Life, one of India's leading insurers, and NKGSB Co-operative Bank Ltd, having a legacy of 106 years, have...

Reserve Bank of India penalizes Pusad Urban Co-operative Bank Ltd. for non-compliance

Feb 12, 2024

According to a press release, the penalty was levied due to the bank's failure to comply with RBI directives concerning 'Income Recognition, Asset Classification,...