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RBI has imposed a monetary penalty of Rs.10.54 lakh on Berar Finance Limited, Nagpur for non-compliance with certain provisions of the RBI (KYC) Directions, 2016.

RBI imposes Monetary Penalty of Rs.10.54 Lakh on Berar Finance for Non-compliance

RBI has approved significant increases in the limitations for UPI transactions and e-mandates for Hospitals and Educational Institutions.

RBI raises UPI Payment limits to Rs. 5 Lakhs per Day to benefit Hospitals and Educational Institutions

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.

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RBI imposes Monetary Penalty of Rs.10.54 Lakh on Berar Finance for Non-compliance

RBI raises UPI Payment limits to Rs. 5 Lakhs per Day to benefit Hospitals and Educational Institutions

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