RBI supersedes Irinjalakuda Town Co-operative Bank's boardThe Reserve Bank of India has taken over the board of Irinjalakuda Town Co-operative Bank. This action is due to the bank's ongoing poor fi...
07 Oct, 2025, 08.58 PM IST
RBI cancels licence of Aurangabad-based Ajantha Urban Co-op Bank MaryaditThe Reserve Bank of India (RBI) has revoked the license of Ajantha Urban Co-operative Bank Maryadit, Aurangabad, effective April 22, 2025, ...
22 Apr, 2025, 10.14 PM IST
Handing over Mahanand to NDDB would pave way for Amul, says ABKS"The decision to hand over Mahanand to NDDB is against the interest of the state's farmers. It will only help Amul expand in Maharashtra. T...
05 Jan, 2024, 10.06 AM IST
RBI imposes monetary penalty on four cooperative banks for rule violationsThe banks that have been penalised are the Baramati Sahakari Bank, the Becharaji Nagarik Sahakari Bank, the Waghodia Urban Co-operative Ban...
14 Sep, 2023, 10.27 PM IST
RBI slaps penalties on Standard Chartered Bank-India, other entitiesThe Reserve Bank of India (RBI) has imposed penalties on several entities for failing to comply with regulatory norms. Standard Chartered B...
26 Jun, 2023, 08.40 PM IST
RBI slaps penalties on Standard Chartered Bank-India, other entities" A monetary penalty of Rs 30 lakh has been imposed on Standard Chartered Bank-India for non-compliance with certain provisions of the 'Res...
26 Jun, 2023, 08.19 PM IST
RBI imposes Rs 1.73 crore penalty on HSBCThe bank in contravention of the RBI's rules furnished incorrect credit information in respect of several expired credit cards with nil due...
08 May, 2023, 10.31 PM IST
RBI imposes restrictions on 5 co-operative banksWith restrictions in place, the banks, without prior approval of RBI, cannot grant loans, make any investment, incur any liability, and tra...
24 Feb, 2023, 09.00 PM IST
RBI imposes penalty on 13 cooperative banksThe maximum penalty of Rs 4 lakh has been imposed on Shri Kanyaka Nagari Sahakari Bank, Chandrapur, and Rs 2.50 lakh fine on The Vaidyanath...
12 Dec, 2022, 09.48 PM IST
RBI imposes penalties on nine cooperative banks for violating compliancesThese banks are The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank , The Jamshedpur Urban Cooperative Bank, Krish...
15 Nov, 2022, 09.56 AM IST
RBI imposes Rs 12 lakh fine on six co-operative banks, three sahakari banksBerhampur Cooperative Urban Bank (Odisha) has been fined Rs 3.10 lakh; Osmanabad Janata Sahakari Bank, Osmanabad (Maharashtra) Rs 2.5 lakh;...
14 Nov, 2022, 08.21 PM IST
RBI penalises eight cooperative banksIn another statement, it said a penalty of Rs 7 lakh has been imposed on Indapur Urban Cooperative Bank, Indapur (Maharashtra) for contrave...
08 Aug, 2022, 10.20 PM IST
RBI imposes Rs 49 lakh penalty on Bassein Catholic Co-op Bank, VasaiThe central bank had conducted the statutory inspection of Bassein Catholic Co-operative Bank with reference to its financial position as o...
06 Jun, 2022, 08.10 PM IST
RBI imposes penalty on 3 cooperative banksThe RBI, however, added the penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity...
01 Mar, 2022, 03.35 PM IST
BSSUK, NKJ Biofuel tie up to set up ethanol plant in ChhattisgarhBhoramdeo Sahakari Sakhar Utpadak Karkhana Maryadit (BSSUK), a cooperative sugar mill in Chhattisgarh, has signed a pact with NKJ Biofuel L...
30 Dec, 2020, 04.26 PM IST
Sale of dairy products down due to demand slump after coronavirus-induced lockdownThe Aurangabad district Cooperative Milk Producers Union said the sale of milk packets has come down as hotels are out of business now. "We...
18 Aug, 2020, 08.40 PM IST
Co-op & rural banks buckle under Rs 4,200cr NPADistrict cooperative banks and state cooperative bank account for around Rs 2,900 crore of this Rs 4,200 crore burden.
29 Nov, 2017, 10.56 AM IST