x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   BJP eyes hat-trick as Congress mounts challenge in Udhampur, Jammu | Campaigning ends for Udhampur seat, straight contest on cards | BJP likely to support proxy candidates in Kashmir: Omar | Azad won’t contest from Anantnag-Rajouri seat | Kashmiri Pandits take out Shoba Yatra in Srinagar | Those who opposed Lord Ram faced downfall: Rajnath | 3 Tiffin IEDs recovered | MeT predicts rain, snow over next 2 days | Non-local shot dead in Bijbehara | Police attach property of woman drug peddler | Aspirants demand postponement of examination of assistant director(E&S) to be conducted | Dharmarth Trust celebrates Ram Navmi with religious fervour across J&K | NSF urges to support BJP, highlights Govt Aid Programs | J&K at threshold of mega development under PM Modi's leadership: Slathia | Mehbooba pledges persistent struggle, seeks public support for amplified voice | NC, Cong cutting votes of DPAP not BJP; Azad | LS election: Vote to protect land, jobs, future of youth: Mehbooba Mufti | Fodder camp set up amid water, food shortage for cattle in Chhatrapati Sambhajinagar | Every vote to BJP candidate will strengthen PM Modi for making 'Viksit Bharat': Khatana | Notebooks, stationery items distributed among students | Insha Majeed declared qualified for award of PhD | Drive to clean river Tawi by green warriors of GDC Vijaypur | Bengal on high alert over Ram Navami processions; Ayodhya set for Ram Lalla 'Surya Tilak' | 10 killed in accident along Ahmedabad-Vadodara Highway | 'Virat Kohli Mentality': What former RBI Governor Raghuram Rajan said on Young India | Samba police reunites missing person with family | Bovine smuggler arrested, 48 bovines rescued by Samba police | DGP extends warm greetings on Rama Navmi | DPS Kathua NCC Cadets Shine Bright with NCC A Certificate Qualifications | Back Issues  
 
news details
RBI imposes nearly Rs 3 cr fine on SBI, Canara Bank, and City Union Bank
2/26/2024 10:14:22 PM
Agencies
MUMBAI, Feb 26: The Reserve Bank of India (RBI) on Monday said it has imposed penalties amounting to almost Rs 3 crore on State Bank of India, Canara Bank, and City Union Bank for violation of regulatory norms.
In a statement, the RBI said a penalty of Rs 2 crore has been imposed on the State Bank of India (SBI) for contravention of certain norms related to the Depositor Education Awareness Fund Scheme, 2014.
A penalty of Rs 66 lakh has been imposed on City Union Bank Limited for non-compliance with certain directions issued by the RBI on 'Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances -- Divergence in NPA Accounts' and Know Your Customer Directions, it said in another release.
The RBI has also levied a penalty of Rs 32.30 lakh on Canara Bank for non-compliance with certain directions. A penalty of Rs 16 lakh has been imposed on Ocean Capital Market Ltd, Rourkela, Odisha, for non-compliance with certain provisions related to non-banking financial companies.
In each case, the RBI said the penalties are based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the entities with their customers.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU