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The Reserve Bank of India (RBI) has imposed Monetary Penalty on The Islampur Urban Co-operative Bank Limited. RBI notified this via issuing press release.

RBI imposed Monetary Penalty this Co-operative Bank; Know Name of Bank

RBI Governor Shaktikanta Das instructed banks to maintain an incremental cash reserve requirement (CRR) of 10% on deposits increased between May 19 and July 28, with effect from the week beginning August 12. RBI notified this via issuing Notification.

Banks asked by RBI to temporarily maintain incremental CRR

RBI has imposed a monetary penalty of Rs.2.00 lakh on Mahabaleshwar Urban Co-operative Bank for contravention directions issued by RBI under Supervisory Action Framework (SAF), and directions issued by RBI on ‘Maintenance of Deposit Accounts’ and ‘Know Your Customer (KYC)’.

RBI imposes monetary penalty on Mahabaleshwar Urban Co-operative Bank; Know Details

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The Unified Payments Interface(UPI), India's preferred digital payment mechanism, is getting a big upgrade with numerous new features.

RBI launches New UPI features: Conversational Payments via UPI; Raises per transaction limit for UPI Lite

The Reserve Bank of India(RBI) has imposed Monetary Penalty of Rs.4,20,000 on 3 Cooperative Banks and Sahakari Bank for non-compliance with directions issued by RBI.

RBI imposed Monetary penalty on 3 Cooperative Banks and Sahakari Bank; Know Reason

The Reserve Bank of India has notified in the press release that 11 NBFCs surrender their Certificate of Registration to RBI.

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RBI imposed Monetary Penalty this Co-operative Bank; Know Name of Bank

Banks asked by RBI to temporarily maintain incremental CRR

RBI imposes monetary penalty on Mahabaleshwar Urban Co-operative Bank; Know Details

RBI launches New UPI features: Conversational Payments via UPI; Raises per transaction limit for UPI Lite

RBI imposed Monetary penalty on 3 Cooperative Banks and Sahakari Bank; Know Reason

11 NBFCs surrender their Certificate of Registration to RBI