Sunday, Feb 24 2019 | Time 02:17 Hrs(IST)
image
  • Lebanese hold protest in favor of civil marriage
  • AIIMS and UCL venture into new education and research partnership
  • Iraq receives 180 IS militants captured by SDF
  • NCP Supremo accuses Modi govt of instigating caste based hatred
  • Article 35A: Steps being taken are part of comprehensive strategy to root out terrorism: Jitendra
Business Economy


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
More News

MARKET-GUJ-GRAIN

23 Feb 2019 | 8:46 PM

Ahmedabad, Feb 23 (UNI) The Ahmedabad grain market ruled steady
here today.

see more..

MARKET-GUJ-SUGAR

23 Feb 2019 | 8:45 PM

Ahmedabad, Feb 23 (UNI) The Ahmedabad Sugar market ruled steady
here today.

see more..

MARKET-GUJ-GUR

23 Feb 2019 | 8:44 PM

Ahmedabad, Feb 23 (UNI) The Ahmedabad Gur market ruled steady
here today.

see more..

MARKET-GUJ-COTTON

23 Feb 2019 | 8:43 PM

Ahmedabad, Feb 23 (UNI ) The Ahmedabad Cotton market ruled steady
here today.

see more..

MARKET-GUJ-OIL

23 Feb 2019 | 8:42 PM

Ahmedabad.

see more..
image