Posted inRBI Announcements
RBI Penalises Shajapur Co-op Bank ₹1 Lakh
RBI fined Jilla Sahakari Kendriya Bank Maryadit, Shajapur ₹1 lakh for failing to transfer unclaimed deposits to DEAF on time.
Posted inRBI Announcements
RBI Fines Sangli Co-operative Bank ₹7 Lakh
RBI imposes ₹7 lakh monetary penalty on Sangli District Central Co-operative Bank for sanctioning director-related loans, violating the Banking Regulation Act.
Posted inRBI Announcements
RBI Fines Raigad Co-op Bank ₹10.10 Lakh
RBI has fined Raigad District Central Co-operative Bank ₹10.10 lakh for sanctioning a director loan and failing to report credit data to CICs.
Posted inRBI Announcements
RBI Fines Ashok Sahakari Bank ₹10 Lakh
RBI fined Ashok Sahakari Bank ₹10 lakh for sanctioning a loan to its own director, violating the Banking Regulation Act.
Posted inRBI Announcements
RBI Extends Directions on Sadbhav Nagrik Bank
RBI extends directions on Sadbhav Nagrik Sahakari Bank, Chhatarpur by 3 months to October 07, 2026, citing public interest.
Posted inRBI Announcements
RBI Extends Directions for Industrial Co-operative Bank
The RBI has extended directions for Industrial Co-operative Bank, Guwahati by three months, until October 4, 2026, subject to review.
Posted inDaily News
RBI Fines HDFC Bank ₹75 Lakh for KYC Lapses: What Customers Should Know
Introduction In a decisive move underscoring its commitment to financial integrity, the Reserve Bank of India (RBI) levied…
Posted inDaily News
RBI Imposes Penalties on IDBI Bank and Citibank
Introduction The Reserve Bank of India (RBI) has recently taken firm action against two prominent banks for failing…
Posted inDaily News
RBI Imposes Penalty on IIFL Samasta Finance for Regulatory Non-Compliance
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹33.10 lakh on IIFL Samasta Finance…