9911796707
TMI BlogRBI imposes penalty on Bijnor Urban Co-operative Bank Ltd., Bijnor, Uttar PradeshX X X X Extracts X X X X X X X X Extracts X X X X ..... RBI imposes penalty on Bijnor Urban Co-operative Bank Ltd., Bijnor, Uttar Pradesh - News and Press Release Dated:- 3-3-2014 - News - The Reserve Bank of India has imposed a monetary penalty of Rs. 5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .00 lakh (Rupees Five lakh only) on the Bijnor Urban Co-operative Bank Ltd., Bijnor, Uttar Pradesh, in exercise of the powers vested in it under the provisions of Section 47 A (1) (b) read with Sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) for the following violations: i. Sanctioning Loans and Advances to Directors and their Relatives Violatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n of Para 5 of Master Circular UBD.CO.BPD.MC.No.8 /12.05.001/2011-12 dated July 1, 2011. ii. Know Your Customer norms - Violation of RBI Circular UBD.PCB.Cir.No.30 /09.016.00/2004 - 05 dated Dec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ember 15, 2004. The Reserve Bank of India had issued a show cause notice to the bank, in response to which the bank submitted its written reply. After considering the facts of the case and the bank ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s reply in the matter, the Reserve Bank of India came to the conclusion that the violations were substantiated and warranted imposition of penalty. Sucheta Vazkar Manager - News - Press ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
