RBI simplifies KYC process through amendment
The Reserve Bank of India (RBI) has issued the Know Your Customer (KYC) (Amendment) Directions, 2025, introducing key changes to ...
Tag: Directions
Yashwant Co-op Bank in trouble; Govt appoints Administrator
In a decisive move to safeguard the interests of depositors and ensure financial stability, the Maharashtra Cooperative Department has superseded ...
Good news for Padmashri Dr. Vithalrao Vikhe Patil Co-op Bank
In a significant development, the Reserve Bank of India (RBI) has withdrawn the regulatory directions imposed on Padmashri Dr. Vithalrao ...
No relief for Sawantwadi Urban Co-op Bank
The Reserve Bank of India (RBI) has extended the restrictions on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi, until June 14, ...
New India Cooperative Bank in trouble; RBI restricts its operations
In a significant development, the Reserve Bank of India (RBI) has issued directions under Section 35A, read with Section 56 ...
No respite for Mumbai based Sarvodaya Co-op Bank
The Reserve Bank of India (RBI) has extended the period of directions imposed on Sarvodaya Cooperative Bank, Mumbai, for an ...
Bally Co-op Bank & Sathamba People’s Co-op Bank penalized
The Reserve Bank of India (RBI) recently imposed monetary penalties on two co-operative banks for regulatory non-compliance. Bally Co-operative Bank ...
No relief to Punjab based Imperial Urban Co-op Bank
The Reserve Bank of India extended the period of directions on the Punjab based Imperial Urban Cooperative Bank for a ...
Directions on Sri Guru Raghavendra Sahakara Bank extended
The Reserve Bank of India extended the period of directions on the Karnataka based Sri Guru Raghavendra Sahakara Bank for ...
No relief to Ahmedabad Color Merchants Co-op Bank
The Reserve Bank of India extended the period of directions on Ahmedabad Color Merchants Cooperative Bank for further three months. ...
RBI imposed 281 penalties aggregating Rs 86.1cr in FY 23-24: Report
During the 2023-24 financial year, the Reserve Bank of India imposed 215 penalties totaling Rs 12.07 crore on cooperative banks ...
Uravakonda Co-op Town Bank gets no relief
The Reserve Bank of India extended the period of directions on Uravakonda Cooperative Town Bank for a further period of ...
No relief for Assam’s Mahabhairab Co-op Urban Bank
Reserve Bank of India extended the period of directions on Assam based Mahabhairab Cooperative Urban Bank for a further period ...
RBI offers no relief to Sangli Sahakari Bank
The Reserve Bank of India extended the period of directions on the Mumbai based Sangli Sahakari Bank for a further ...
No respite for National Mercantile Co-op Bank
The Reserve Bank of India extended the period of directions on National Mercantile Cooperative Bank and Defence Accounts Cooperative Bank ...
