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RBI has cancelled the licence of “Jai Prakash Narayan Nagari Sahakari Bank Ltd., Basmathnagar, Maharashtra” vide order dated February 5, 2024.

RBI cancels Licence of Jai Prakash Narayan Nagari Sahakari Bank

The Reserve Bank had cautioned members of the public against frauds in the name of KYC updation. RBI also released a Press Release regarding this in Sep 2021.

RBI cautions against fraud in the name of KYC Updation

The RBI has taken action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 for violations of some provisions.

RBI Takes Action against Paytm Payments Bank Ltd under Section 35A

RBI has imposed a monetary penalty of Rs.15.00 lakh on New India Co-operative Bank Limited, Mumbai for non-compliance with the directions.

RBI imposes Monetary Penalty of Rs.15 Lakh on New India Co-operative Bank Limited

The RBI proposed to tighten standards for housing finance businesses by revising the requirement to retain liquid assets against liabilities and shortening the maturity period.

RBI tightens rules for deposits of Housing Finance Companies

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RBI has issued guidelines for the appointment or re-appointment of Statutory Auditors (SAs) of State and Central Co-operative Banks (StCBs/CCBs).

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RBI cancels Licence of Jai Prakash Narayan Nagari Sahakari Bank

RBI cautions against fraud in the name of KYC Updation

RBI Takes Action against Paytm Payments Bank Ltd under Section 35A

RBI imposes Monetary Penalty of Rs.15 Lakh on New India Co-operative Bank Limited

RBI tightens rules for deposits of Housing Finance Companies

RBI issued guidelines for appointment/re-appointment of Statutory Auditors for State and Central Co-operative Banks