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RBI had announced withdrawal of Rs.2000 denomination banknotes from circulation in May 2023 and now has extended the Due Date to deposit Rs.2000 banknotes.

Due Date to deposit Rs.2000 Denomination Banknotes extended till Oct 7, 2023

The Reserve Bank of India (RBI) has cancelled licence of Lucknow Urban Co-operative Bank Ltd., Lucknow, Uttar Pradesh.

RBI cancels licence of Urban Co-operative Bank

The Reserve Bank of India has imposed monetary penalty of Rs.61 Lakhs on 3 Co-operative Banks for contravention of the provisions and non-compliance with the directions issued by RBI.

RBI imposed Monetary Penalty on 3 Co-operative Banks; Know Reason

The RBI has imposed several restrictions on Ahmedabad-based Colour Merchants Co-operative Bank, including a withdrawal limit of Rs 50,000 per customer.

RBI imposed Restrictions and Withdrawal Limit of Rs.50,000 on Cooperative Bank

The Reserve Bank of India (RBI) has imposed Monetary Penalty of Rs.20 Lakhs on on 4 Co-operative Banks for non-compliance with the specific directions issued by RBI.

RBI imposed Monetary Penalty on 4 Co-operative Banks for non-compliance with RBI's Direction

RBI has notified that it has cancelled the Licence of The Ananthasayanam Co-operative Bank Ltd. and allowed it to function as non-banking institution.

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Due Date to deposit Rs.2000 Denomination Banknotes extended till Oct 7, 2023

RBI cancels licence of Urban Co-operative Bank

RBI imposed Monetary Penalty on 3 Co-operative Banks; Know Reason

RBI imposed Restrictions and Withdrawal Limit of Rs.50,000 on Cooperative Bank

RBI imposed Monetary Penalty on 4 Co-operative Banks for non-compliance with RBI's Direction

RBI cancels Licence of The Ananthasayanam Co-operative Bank