RBI imposes ₹30 lakh penalty on Standard Chartered Bank; ₹1 cr fine on 4 credit bureaus
The central bank also imposed monetary penalties on seven co-operative banks for violation of certain provisions
co operative banks
June 2023
November 2022
August 2022
July 2022
RBI slaps fine on 9 co-operative banks for violating norms
The monetary penalties were imposed based on deficiencies in regulatory compliance, as per the RBI.
RBI penalises 8 banks, 1 NBFC; cancels licences of 2 NBFCs
RBI imposes financial penalty of ₹2.3 crore on Spandana Sphoorty; penalty imposed on banks ranges from ₹1 lakh to ₹40 lakh
RBI unveils new regulations for urban co-operative banks
For tier-2, tier-3 and tier-4 UCBs, the RBI has decided to revise the minimum CRAR to 12% so as to strengthen their capital structure.
