NSDP

The Reserve Bank of India (RBI) has imposed, by an order dated December 14, 2022, a monetary penalty of ₹7.00 lakh (Rupees Seven Lakh only) on The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification’ and ‘Master Circular- Management of Advances – UCBs’. This penalty has been imposed in exercise of powers vested in the

The Reserve Bank of India (RBI) has, by an Order dated December 16, 2022, imposed a monetary penalty of ₹3.00 lakh (Rupees three lakh only) on The Janata Co-operative Bank Ltd., Godhra, Dist. Panchmahal (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in

The Reserve Bank of India (RBI) has, by an Order dated December 12, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Halol Urban Co-operative Bank Ltd., Halol, Dist. Panchmahal (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested

The Reserve Bank of India (RBI) has, by an order dated December 16, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Saraspur Nagrik Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in the RBI und

The Reserve Bank of India (RBI) has, by an order dated December 16, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Halol Mercantile Co-operative Bank Ltd., Halol, Dist. Panchmahal (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers ve

The Reserve Bank of India (RBI) has, by an Order dated December 12, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Lakhwad Nagarik Sahakari Bank Ltd., Lakhwad, district Mehsana (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers veste

The Reserve Bank of India (RBI) has, by an order dated December 16, 2022, imposed a monetary penalty of ₹2.25 Lakh (Rupees Two Lakh Twenty Five Thousand only) on The Bodeli Urban Co-operative Bank Ltd., Bodeli, Dist. Chhota Udepur (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors etc- directors as surety/guarantors- Clarification’ and ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquid

The Reserve Bank of India (RBI) has, by an Order dated December 15, 2022, imposed a monetary penalty of ₹3.00 lakh (Rupees three lakh only) on The Gujarat Rajya Karmachari Co-operative Bank Ltd., Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’ and sub-section (2) of section 26A of the Banking Regulatio

The Reserve Bank of India (RBI) has, by an Order dated December 12, 2022, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Harij Nagrik Sahakari Bank Ltd., Harij, district Patan (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in th

The Reserve Bank of India (RBI) has, by an Order dated December 12, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on The Viramgam Mercantile Co-operative Bank Ltd., Viramgam, district Ahmedabad (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of p