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RBI imposes monetary penalty on four co-operative banks for rule violations

The Reserve Bank of India (RBI) said it has imposed monetary penalty on four co-operative banks for rule violations. These

RBI has flagged the interconnectedness of small finance banks (SFBs) with co-operative banks via the bulk deposit route. “SFBs serve

The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These

DICGC will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, next month. DICGC,

The Reserve Bank said it has imposed penalty on three cooperatives banks. In a statement, the RBI said a penalty

RBI has increased the upper limit of home loan amount by at least 100% for the individual borrowers of Primary

Co-operative banks will be eligible for more services at par with commercial banks. Besides, enhancing limits on housing loans, they

RBI said it has imposed a penalty of Rs 58 lakh on Abhyudaya Co-operative Bank Limited, Mumbai for noncompliance with

As per the RBI Annual Report 21-22, settlement of claims of liquidated urban co-operative banks totaling Rs 1,225 crore and

RBI has imposed penalties totalingR.5 lakh on three cooperative banks for various non compliances. A penalty of Rs.2 lakh has