MUMBAI, India, Sept. 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 03, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Ottapalam Co-operative Urban Bank Ltd., Palakkad, Kerala (the bank) for non-compliance with specific directions issued by RBI under 'Supervisory Action Framework (SAF)' and non-compliance with certain directions issued by RBI on 'Master Direction - Credit Card an...
MUMBAI, India, Sept. 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 03, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The District Co-operative Central Bank Ltd, Bidar, Karnataka (the bank) for contravention of provisions of Sections 20 and 31 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers confer...
MUMBAI, India, Sept. 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to National Mercantile Co-operative Bank Ltd., Lucknow vide Directive No. LKO.DOS.SED.No.S875/10-03-759/2022-2023 dated March 09, 2023, for a period of six months up to close of business on September 10, 2023, as modified from time to time, which were last extended up to close of business on Sep...
MUMBAI, India, Sept. 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 02, 2025, imposed a monetary penalty of ₹1.60 lakh (Rupees One Lakh Sixty Thousand only) on The Manipur Women's Co-operative Bank Ltd. (the bank) for non-compliance with the certain directions issued by RBI on 'Exposure Norms and Statutory/Other Restrictions - UCBs'. This penalty has been imposed in exercise of powers conferred on RBI under t...
MUMBAI, India, Sept. 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 02, 2025, imposed a monetary penalty of ₹7.50 lakh (Rupees Seven Lakh Fifty Thousand only) on Tripura State Co-operative Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A (1)(c) re...
MUMBAI, India, Sept. 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period August 04, 2025 - August 08, 2025. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 04-08-2025 3,663 1,733 1,192 400 47...
MUMBAI, India, Sept. 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period July 28, 2025 - August 01, 2025. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 28-07-2025 5,918 1,697 1,485 351 395 ...
MUMBAI, India, Sept. 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period July 21, 2025 - July 25, 2025. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 21-07-2025 4,841 1,513 1,210 326 403 18...
MUMBAI, India, Sept. 9 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period July 14, 2025 - July 18, 2025. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 14-07-2025 4,047 2,152 991 230 386 269 ...
GUWAHATI, India, Sept. 8 -- Gauhati High Court issued the following order on Aug. 8: 1. Heard Mr. MI Hussain, learned counsel for the petitioner. Also heard Mr. N Goswami, learned State counsel and Mr. K Konwar, learned Additional Advocate General representing the P&RD Department. 2. As agreed to by the learned counsels for the parties and taking note of the issues raised, the matter is taken up for final disposal at the motion stage. 3. Issue notice, returnable forthwith. 4. By the prese...