Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Imperial Urban Cooperative Bank Ltd., Jalandhar – Extension of Period

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(325 kb) Date : Jun 06, 2024 Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Imperial Urban Cooperative Bank Ltd., Jalandhar – Extension of Period The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking

Continue ReadingDirections under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Imperial Urban Cooperative Bank Ltd., Jalandhar – Extension of Period

RBI imposes monetary penalty on The Bavla Nagarik Sahakari Bank Ltd., Dist. Ahmedabad, Gujarat

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(381 kb) Date : Jun 03, 2024 RBI imposes monetary penalty on The Bavla Nagarik Sahakari Bank Ltd., Dist. Ahmedabad, Gujarat The Reserve Bank of India (RBI) has, by an order dated May 22, 2024, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Bavla Nagarik Sahakari Bank Ltd., Dist. Ahmedabad

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RBI imposes monetary penalty on SBM Bank (India) Limited

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(369 kb) Date : May 31, 2024 RBI imposes monetary penalty on SBM Bank (India) Limited The Reserve Bank of India (RBI) has, by an order dated April 10, 2024, imposed a monetary penalty of ₹88.70 lakh (Rupees Eighty Eight Lakh Seventy Thousand only) on SBM Bank (India) Ltd. (the bank) for non-compliance with licensing

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Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P) – Extension of Period

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(327 kb) Date : May 30, 2024 Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P) – Extension of Period The Reserve Bank of India, vide Directive LKO.DOS.SED.No.S850/10-03-030/2022-2023 dated March 02, 2023 had placed Banaras Merchantile Co-operative

Continue ReadingDirections under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P) – Extension of Period

RBI imposes monetary penalty on Authorised Dealer Bank – The HSBC Limited

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(349 kb) Date : May 29, 2024 RBI imposes monetary penalty on Authorised Dealer Bank – The HSBC Limited The Reserve Bank of India has imposed a monetary penalty of ₹36,38,000/- (Rupees Thirty Six Lakh Thirty Eight Thousand only) on The HSBC Limited in exercise of powers vested in the Reserve Bank under the provisions

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