RBI Imposes Penalty On Mahindra & Mahindra Financial Services, Indian Bank
The Reserve Bank carried out scrutiny of the Indian Bank in July 2020 based on a high-value fraud reported by the bank.
Apr 06, 2023, 19:23 PM IST
RBI imposes penalty on 8 co-operative banks
RBI has also imposed a fine of Rs 10 lakh each on The Nellore Co-operative Urban Bank Limited, Gandhi Nagar, Nellore District, Andhra Pradesh and Kakinada Co-operative Town Bank Ltd, Kakinada, East Godavari District, Andhra Pradesh.
Aug 30, 2022, 12:49 PM IST
RBI imposes penalty on 8 banks, got account in any of THESE?
The penalties imposed on these eight banks ranged from Rs 1 lakh to Rs 40 lakh. Furthermore, the RBI imposed a monetary penalty on Spandana Sphoorty Financial, an NBFC.
Aug 09, 2022, 12:40 PM IST
Kotak Mahindra Bank, IndusInd Bank fined Rs 1 crore by RBI for THESE reasons
The RBI said a penalty of Rs 1 crore has been imposed on IndusInd Bank for non-compliance with certain Know Your Customer (KYC) norms.
Jul 04, 2022, 19:41 PM IST
RBI imposes penalties on 3 co-operative banks
The central bank said a penalty of Rs 2 lakh has been imposed on Kokan Mercantile Co-operative Bank Ltd., Mumbai for similar non-compliance.
Apr 04, 2022, 22:24 PM IST
RBI imposes Rs 1 crore penalty on Union Bank of India
This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949 (the Act).
Nov 29, 2021, 23:47 PM IST
RBI imposes Rs 1 crore penalty on SBI; should customers worry?
RBI has imposed a penalty of Rs 1 crore on State Bank of India (SBI) for deficiencies in regulatory compliance.
Nov 26, 2021, 21:20 PM IST
RBI slaps Rs 1 crore penalty on Paytm Payments Bank, here’s why
The Reserve Bank of India (RBI) has slapped a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL).
Oct 20, 2021, 19:29 PM IST
RBI slaps Rs 1 crore penalty on State Bank of India; here's why
It also issued a notice to the lender, instructing it to show cause why a penalty should not be imposed on it for failing to comply with the stated directives.
Oct 18, 2021, 19:51 PM IST
RBI imposes Rs 6 crore penalty on 4 White Label ATM operators
A penalty of Rs 2 crore each has been imposed on BTI Payments and Hitachi Payment Services, and Rs 1 crore each on Tata Communications Payment Solutions Ltd and Vakrangee Ltd.
Aug 27, 2021, 22:19 PM IST
Starting October 1, RBI to levy penalty on ATMs that run out of cash
The RBI will start imposing penalty on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards.
Aug 10, 2021, 22:13 PM IST
RBI imposes Rs 1 lakh penalty on Priyadarshini Mahila Nagari Sahakari Bank
The inspection report of the bank based on its financial position as of March 31, 2019, revealed, inter alia, non-adherence/ violation of specific directions issued to the bank by the RBI under SAF, the central bank said in a release.
May 18, 2021, 21:54 PM IST
RBI imposes Rs 3 crore penalty on ICICI Bank
It, however, added the action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
May 03, 2021, 21:32 PM IST
RBI slaps penalties on 7 banks for violation of norms
A penalty of Rs 1 crore has been imposed on Andhra Bank for similar violations.
Feb 13, 2019, 10:09 AM IST
RBI slaps Rs 1-cr penalty on Bajaj Finance
Bajaj Finance is into businesses such as consumer finance, SME finance and commercial lending.
Jan 15, 2019, 15:28 PM IST
RBI penalises HSBC, Kotak over violation FEMA
The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999.
Apr 27, 2017, 11:07 AM IST
RBI slaps penalty on UCO Bank, Allahabad Bank, Bank of India
RBI has imposed penalty of Rs 2 crore each on Allahabad Bank and UCO Bank, and Rs 1 crore on Bank of India for violation of anti-money laundering norms.
Jul 26, 2016, 20:04 PM IST
RBI penalises ICICI Bank, Canara Bank, Yes Bank & 9 others
ICICI Bank, Axis Bank, Canara Bank, IDBI Bank, Yes Bank and seven other banks have been penalised in the case of Deccan Chronicle Holdings, the RBI said today.
Jul 25, 2014, 20:55 PM IST
