Reserve Bank of India has imposed a penalty of Rs 50.35 lakh on Janalaxmi Co-operative Bank, Nashik for non-compliance with certain regulatory requirements. The penalty on Janalaxmi Co-operative Bank has been imposed for non-compliance with directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks’ and ‘Membership of Credit Information Companies (CICs)’.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
A statutory inspection conducted by RBI with reference to the bank’s financial position as on March 31, 2019, and the inspection report pertaining thereto, and examination of all related correspondence revealed non-compliance with the directions.
The Indian women’s cricket team won the gold medal at the Asian Games 2026 after…
India has endorsed the consensus outcomes of the G20 Energy Abundance Ministerial, reinforcing its engagement…
The 7th edition of the National Formulary of India (NFI) 2026 was launched on September…
The Government of India has dissolved the Digital Communications Commission (DCC), the apex inter-departmental decision-making…
India will observe the 11th Ayurveda Day on September 23, 2026, celebrating the country’s more…
State-owned Oil and Natural Gas Corporation (ONGC) has made gas discovery in the deepwater basin…