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 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...

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...

384 banking assistants inducted in 15 district central co-operative banks in Odisha

Oct 14, 2022

Bhubaneswar (Odisha) [India], October 15 : As many as 384 banking assistants were inducted on Friday in 15 district central co-operative banks of Odisha.

RBI unveils new corrective action framework for Urban Co-operative Banks

Jul 26, 2024

For urban cooperative banks that are weak or are experiencing financial stress, the RBI had issued a supervisory action framework as an early intervention...

RBI imposes monetary penalty on four Gujarat-based co-operative banks

Dec 22, 2023

The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks, ranging from Rs 50,000 to Rs 7 lakh, for some...