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RBI penalises National Urban Co-operative Bank Ltd, Pratapgarh, UP

Mumbai, July 5 (UNI) The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs five lakh on the National Urban Co-operative Bank Ltd, Pratapgarh, Uttar Pradesh.
RBI has penalised the Bank in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on Exposure Norms and Statutory/Other Restrictions, Know Your Customer Norms and Obtaining Membership of Credit Information Companies (CICs).
The Reserve Bank of India had issued a showcause notice to the Bank, in response to which the Bank had submitted a written reply.
After considering the facts of the case, the Reserve Bank came to the conclusion that the violations were substantiated and warranted imposition of penalty.
UNI JS NV RJ 1423
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Walmart opens its 22nd Cash & Carry store in India

22 Sep 2018 | 7:01 PM

Ludhiana, Sep 22(UNI) Expanding its footprints Walmart India, the wholly-owned subsidiary of world’s leading retail company Walmart Inc, on Saturday announced opening of its 22nd B2B Cash & Carry Best Price store in the country and second store here and the sixth in Punjab.

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Petrol gets expensive again; touches Rs 90 a litre mark

Petrol gets expensive again; touches Rs 90 a litre mark

22 Sep 2018 | 5:44 PM

New Delhi, Sep 22 (UNI) The prices of petrol in the country increased for the third consecutive day on Saturday with that crawling near Rs 90 a litre in Mumbai.

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Kottayam-Kochi Rubber Market Rates

22 Sep 2018 | 5:27 PM

Kottayam, Sep 22 (UNI) Following were the Rubber Market rates
announced by the Rubber Board here today per quintal.

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Samsung launches Galaxy J6 Plus, J4 Plus

Samsung launches Galaxy J6 Plus, J4 Plus

22 Sep 2018 | 5:18 PM

New Delhi, Sep 22 (UNI) Korean company Samsung on Saturday launched new smartphone Galaxy J6 Plus and J4 Plus in the Indian market.

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MARKET-GUJ-OIL

22 Sep 2018 | 5:08 PM

Ahmedabad, Sep 22 (UNI) The Ahmedabad oil market ruled steady here Saturday.

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