Monetary Penalty on Dhanlaxmi Bank Ltd
The Reserve Bank of India (RBI) has imposed, by an order dated August 23, 2021, a monetary penalty of ₹27.50 lakh (Rupees Twenty Seven Lakh and Fifty Thousand only) on…
Monetary Penalty on Axis Bank
Today, The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5.00 crore (Rupees Five crore only) on Axis Bank Limited for contravention of / non-compliance with certain…
Monetary penalty on Sawantwadi Urban Cooperative Bank Ltd
In today’s press release of The Reserve Bank of India (RBI), it is conveyed that it has imposed monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Sawantwadi…
Monetary penalty on Udyam Vikas Sahakari Bank Limited, Pune
In today’s press release, The Reserve Bank of India (RBI) conveyed that, It has imposed a monetary penalty of ₹2.00 lakh (Rupees Two lakh only) on Udyam Vikas Sahakari Bank…
Monetary Penalty on 14 Banks
The Reserve Bank of India (RBI) has imposed, by orders dated July 06, 2021, monetary penalty on fourteen banks, as detailed below, for non-compliance with certain provisions of directions issued…
Amendments on Interest on Overdue Deposits
As of now, in all banks, if a Term Deposit matures and proceeds are unpaid, the amount left unclaimed with the bank (overdue deposit amount) shall attract rate of interest…