RBI imposes monetary penalty on The Kanara District Central Co-operative Bank Ltd., Karnataka

News Financial services Sanctions & Fines

Date: 28th Nov, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On November 28, 2024, the Reserve Bank of India issued an update regarding RBI imposes monetary penalty on The Kanara District Central Co-operative Bank Ltd., Karnataka. A monetary penalty of ₹1,00,000/- was imposed for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949."

This content is restricted.

Highlights content goes here...

This content is restricted.

Reserve Bank of India

RADA.AI

Hello! I'm RADA.AI - Regulatory Analysis and Decision Assistance. Your Intelligent guide for compliance and decision-making. How can i assist you today?

Suggested

RBI imposes monetary penalty on The Kanara District Central Co-operative Bank Ltd., Karnataka

Brief

Reserve Bank of India

Form successfully submitted. One of our GRI rep will contact you shortly

Thanking You!

Enter your Email

Verify Email

Tell us more about yourself

Select your work area

Select your country

All set.

RBI imposes monetary penalty on The Kanara District Central Co-operative Bank Ltd., Karnataka

Brief

Reserve Bank of India

Form successfully submitted. One of our GRI rep will contact you shortly

Thanking You!

Enter your Email

Verify OTP

Enter your Email

Verify Email

Tell us more about yourself

Select your work area

Select your country

All set.