Latest News on Penalty
Showing of 0 - 10 from 88 results
Penalty - Total results - 88
Nov 06, 2019
RBI slaps Rs 5-cr penalty on Gujarat-based Mehsana Urban Co-operative BankThe RBI on Tuesday said it has imposed a penalty of Rs 5 crore on The Mehsana Urban Co-operative Bank, Gujarat, for contravention of norms on 'loans and advances to directors, relatives and firms/concerns in which they are interested'
Jul 16, 2019
RBI slaps Rs 7 cr penalty on SBI for violating NPA identification, fraud risk management normsThe Reserve Bank of India on Monday said it has slapped a penalty of Rs 7 crore on the country's largest bank SBI for non-compliance with norms related to NPA identification and fraud risk management, among others
Jun 24, 2019
GST evasion: 10% of profiteered amount as penalty is draconian when the concept of profiteering itself is nebulousThe Narendra Modi government’s obsession with foiling profiteering under the Goods and Services Tax (GST) law is going on unabated.
May 15, 2019
National Stock Exchange fines 250 companies for non-compliance with listing regulationsThe National Stock Exchange (NSE) Wednesday said it has penalised 250 companies, including two IL&FS group firms and Jet Airways, for non-compliance with various listing regulations for the quarter ended 31 March, 2019
Mar 05, 2019
RBI slaps Rs 3 crore fine on Allahabad Bank, ICICI Bank for non-compliance of various normsThe Reserve Bank has imposed a fine of Rs 2 crore on Allahabad Bank for non-compliance of directions with regard to Nostro accounts, the state-owned lender said Tuesday
Feb 14, 2019
RBI imposes Rs 5 cr penalty on four public sector lenders for violation of various banking normsThe RBI said the fines are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.
Feb 05, 2019
RBI slaps Rs 5.2 cr penalties on Axis Bank, UCO Bank and Syndicate Bank for violation of normsThe RBI, however, said the action on banks is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers
Oct 03, 2018
RBI imposes Rs 5 cr penalty on Federal Bank for non-compliance on data reporting of large borrower exposures; other normsSouth-based Federal Bank has been penalised Rs 5 crore for non-compliance on reporting of large borrower exposures and non-payment of customer compensations, among other deficiencies, the Reserve Bank said Wednesday.
Sep 07, 2018
RBI imposes Rs 1 cr fine on Union Bank of India for delay in fraud detection, reportingRBI had issued a show cause notice to the bank on 15 January, 2018 asking why a penalty not be imposed on Union Bank of India under the Act.
Aug 08, 2018
Delhi Metro collects Rs 38 lakh as fines in 11 months from people sitting on train floors, reveals RTIDelhi Metro collected Rs 38 lakh as fines over 11 months from those caught sitting on the floor of the train, a Right to Information (RTI) reply has revealed.