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RBI has imposed a monetary penalty of Rs.1 lakh on Shillong Co-operative Urban Bank Limited for non-compliance with the directions issued by RBI on KYC.

RBI imposes Monetary Penalty on Shillong Co-operative Urban Bank for violation of RBI Directions

RBI has imposed a monetary penalty of Rs.8.80 lakh on Power Finance Corporation Limited, New Delhi for non-compliance with certain provisions of the RBI’s directions.

RBI imposes Monetary Penalty on Power Finance Corporation Limited

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.

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RBI imposes Monetary Penalty on Shillong Co-operative Urban Bank for violation of RBI Directions

RBI imposes Monetary Penalty on Power Finance Corporation Limited

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