NSDP

The Reserve Bank of India (RBI) has, by an order dated November 24, 2022, imposed a monetary penalty of ₹20.00 lakh (Rupees twenty lakh only) on Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c

The Reserve Bank of India (RBI) has, by an order dated November 23, 2022, imposed a monetary penalty of ₹1.25 crore (Rupees one crore twenty-five lakh only) on Zoroastrian Co-operative Bank Ltd., Bombay (the bank) for non-compliance with RBI directions on ‘Discounting of Bills by UCBs – Restricted Letters of Credit (LC)’ and the provisions of the Co-operative Banks (Period of Preservation of Records) Rules, 1985 (Rules) framed under section 45Y read with section 56 of

The Reserve Bank of India (RBI) has, by an order dated November 21, 2022, imposed a monetary penalty of ₹50.00 lakh (Rupees fifty lakh only) on Bharat Co-operative Bank (Mumbai) Limited, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’ (IRAC norms). This penalty has been imposed in exercise of powers vested in RBI conferred under section 47A(1)(c) read with

Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹30,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ crore) GoI specific Notification Auction Date Settlement Date 1 6.69% GS 2024 June 27, 2024 4,000 F.No.4(3)-B(W&M)/2022 dated November 28, 2022 December 02, 2022 (Friday) December 05, 2022 (Monday) 2 7.10% GS 2029 Apr 18, 2029 6,000 3 7.54% GS 2036 May 23, 2036

The Reserve Bank of India (RBI) has imposed, by an order dated November 24, 2022, a monetary penalty of ₹6.00 lakh (Rupees Six lakh only) on The Chittoor Co-operative Town Bank Limited, Chittoor, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Establishment of Depositor Education and Awareness Fund, Management of Advances – UCBs, lncome Recognition, Asset Classification, Provisioning and Other Related Matters-UCBs and Know Your Custo

The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Cumbum Co-operative Town Bank Ltd., Cumbum, Prakasam District, Andhra Pradesh (the bank) for non-adherence / violation of directions issued under Frauds - Classification and Reporting and Board of Directors - UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c)

The Reserve Bank of India (RBI) has imposed, by an order dated November 25, 2022, a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on The National Co-operative Bank Limited, Bengaluru, Karnataka (the bank) for non-adherence / violation of directions issued under Supervisory Action Framework for Urban Co-operative Banks (UCBs). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4)

The Reserve Bank of India (RBI) has imposed, by an order dated November 24, 2022, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Tiruchirappalli District Central Cooperative Bank Ltd., Tiruchirappalli, Tamil Nadu (the bank) for non-adherence/violation of directions issued under Income Recognition, Asset Classification, Provisioning and Other Related Matters. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Secti

Today, the Reserve Bank released quarterly statistics on deposits and credit of scheduled commercial banks (SCBs), September 2022 on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!3). These data are collected from all SCBs under the Basic Statistical Return (BSR) – 7 system1, and statistics on bank credit and deposits are being released as per geography, population group and bank group level disaggregat

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of October 2022. Rupambara Director (Communications) Press Release: 2022-2023/1263