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Home Business

RBI News: RBI fined these three co-operative banks, know here why the action was taken

by AnyTV
22/02/2022
in Business, Latest News
Reading Time: 2 mins read
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Business Desk, AnyTV, New Delhi

Published by: Deepak Chaturvedi
Updated Tue, 22 Feb 2022 09:09 AM IST

Summary

RBI Imposes Penalty On 3 Cooperative Banks: The Reserve Bank of India (RBI) has imposed penalty on three cooperative banks. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

hear the news

hear the news

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Expansion

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .


Business Desk, AnyTV, New Delhi

Published by: Deepak Chaturvedi
Updated Tue, 22 Feb 2022 09:09 AM IST

Summary

RBI Imposes Penalty On 3 Cooperative Banks: The Reserve Bank of India (RBI) has imposed penalty on three cooperative banks. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

hear the news

hear the news

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Expansion

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .


Business Desk, AnyTV, New Delhi

Published by: Deepak Chaturvedi
Updated Tue, 22 Feb 2022 09:09 AM IST

Also Read  Rupee Against Dollar: Why Rupee is continuously falling against Dollar? Know how to increase the problems of common man

Summary

RBI Imposes Penalty On 3 Cooperative Banks: The Reserve Bank of India (RBI) has imposed penalty on three cooperative banks. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

hear the news

hear the news

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Expansion

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .


Business Desk, AnyTV, New Delhi

Published by: Deepak Chaturvedi
Updated Tue, 22 Feb 2022 09:09 AM IST

Summary

RBI Imposes Penalty On 3 Cooperative Banks: The Reserve Bank of India (RBI) has imposed penalty on three cooperative banks. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

hear the news

hear the news

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Expansion

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

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Business Desk, AnyTV, New Delhi

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Published by: Deepak Chaturvedi
Updated Tue, 22 Feb 2022 09:09 AM IST

Summary

RBI Imposes Penalty On 3 Cooperative Banks: The Reserve Bank of India (RBI) has imposed penalty on three cooperative banks. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

hear the news

hear the news

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Expansion

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .


Business Desk, AnyTV, New Delhi

Published by: Deepak Chaturvedi
Updated Tue, 22 Feb 2022 09:09 AM IST

Summary

RBI Imposes Penalty On 3 Cooperative Banks: The Reserve Bank of India (RBI) has imposed penalty on three cooperative banks. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

hear the news

hear the news

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Expansion

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Also Read  These four public sector banks are giving high returns on savings account know which better


Business Desk, AnyTV, New Delhi

Published by: Deepak Chaturvedi
Updated Tue, 22 Feb 2022 09:09 AM IST

Summary

RBI Imposes Penalty On 3 Cooperative Banks: The Reserve Bank of India (RBI) has imposed penalty on three cooperative banks. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

hear the news

hear the news

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Expansion

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .


Business Desk, AnyTV, New Delhi

Published by: Deepak Chaturvedi
Updated Tue, 22 Feb 2022 09:09 AM IST

Summary

RBI Imposes Penalty On 3 Cooperative Banks: The Reserve Bank of India (RBI) has imposed penalty on three cooperative banks. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

hear the news

hear the news

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Expansion

The Reserve Bank of India (RBI) has imposed penalty on three co-operative banks for lack of regulatory compliance. Of these, two banks are from Tamil Nadu, while one bank is from Jammu and Kashmir. According to the information shared by the RBI, a total fine of Rs 5 lakh has been imposed on the three co-operative banks.

RBI said in this regard that this penalty has been imposed on banks for lack of regulatory compliance. Under this, the Big Kancheepuram Cooperative Town Bank Ltd. (No. 3) for non-compliance with the instructions issued under the loan rules and statutory/other restrictions of Rs. J&K’s Baramulla Central Co-Operative Bank Ltd. has been fined Rs.2 lakh and Chennai Central Co-operative Bank-Rs.1 lakh for non-compliance of certain directions in matters relating to income recognition, asset classification, provision and other related matters. .

Tags: actionbanksBusiness Diary Hindi NewsBusiness Diary News in HindiBusiness Hindi Newsbusiness newsBusiness News in HindiCo-Operative BankCooperativeCooperative bankcooperative banksdeficiencies in compliancefinedIndia newsnewsnews in hindiPenalty on three co-operative banksrbirbi imposes penaltyrbi imposes penalty three bankreserve bank of indiathree banks fined
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