Reserve Bank of India

(326 kb) Date : Jul 05, 2024 Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ramgarhia Co-operative Bank Ltd, New Delhi – Extension of Period The Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No. S515/12-10- 013/2022-23 dated July 07, 2022, had placed Ramgarhia Co-operative Bank Ltd, New Delhi

(414 kb) Date : Jul 05, 2024 Reserve Bank of India cancels the licence of Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District, Karnataka The Reserve Bank of India (RBI), vide order dated July 05, 2024, has cancelled the licence of “Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District, Karnataka”. Consequently, the bank ceases to carry on

(378 kb) Date : Jul 05, 2024 Reserve Bank of India imposes monetary penalty on Punjab National Bank The Reserve Bank of India (RBI) has, by an order dated July 03, 2024 imposed a monetary penalty of ₹1,31,80,000 (Rupees One crore thirty one lakh eighty thousand only) on Punjab National Bank (the bank) for non-compliance

(353 kb) Date : Jul 04, 2024 RBI cancels the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi The Reserve Bank of India (RBI), vide order dated July 03, 2024, has cancelled the licence of “Banaras Merchantile Co-operative Bank Limited, Varanasi”. Consequently, the bank ceases to carry on banking business, with effect from the close