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The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs.3 Lakh on 3 Cooperative Banks for non-compliance with RBI directions.

RBI imposed Monetary Penalty on 3 Cooperative Bank for non-compliance with RBI directions

RBI has cancelled the licence of “Urban Co-operative Bank Limited, Sitapur, Uttar Pradesh” vide order dated December 6, 2023.

RBI cancels License of Urban Co-operative Bank; Know Why?

RBI has imposed a monetary penalty of Rs.10,000 on The District Co-operative Central Bank Ltd for non-compliance with the directions issued by NABARD.

RBI imposes Monetary Penalty on District Co-operative Central Bank; Know Reason

RBI has cancelled the licence of “Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalkaranji, Kolhapur”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on December 04, 2023.

RBI cancels License of Sahakari Bank; Know Reason

The Reserve Bank of India (RBI) has imposed Rs.7 Lakh Monetary Penalty on 4 Cooperative Bank for non-compliance with RBI Direction.

RBI imposed Rs.7 Lakh Monetary Penalty on 4 Cooperative Bank for non-compliance with RBI Direction

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RBI and BoE signed a Memorandum of Understanding for the exchange of information in relation to CCIL.

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RBI imposed Monetary Penalty on 3 Cooperative Bank for non-compliance with RBI directions

RBI cancels License of Urban Co-operative Bank; Know Why?

RBI imposes Monetary Penalty on District Co-operative Central Bank; Know Reason

RBI cancels License of Sahakari Bank; Know Reason

RBI imposed Rs.7 Lakh Monetary Penalty on 4 Cooperative Bank for non-compliance with RBI Direction

RBI signs MOU with Bank of England for exchange of information in relation to CCIL