MUMBAI, India, Feb. 26 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated February 23, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Mahbubnagar District Co-operative Central Bank Ltd., Telangana (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the p...
MUMBAI, India, Feb. 26 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated February 23, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Guntur Women Co-operative Urban Bank Limited, Andhra Pradesh (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 Sectio...
MUMBAI, India, Feb. 26 -- Reserve Bank of India issued the following press release: The Reserve Bank of India organised a Workshop on Digital / Cyber Frauds for the Executive Directors and Heads of Fraud Risk Management of 60 major banks on February 24 and 25, 2026 at the Reserve Bank's Central Office, Mumbai. The Workshop formed part of the Reserve Bank's ongoing supervisory and developmental engagement with banks to address the incidence and increasing sophistication of cyber-enabled frauds....
MUMBAI, India, Feb. 26 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Security, as detailed below, through auction to be held on February 27, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Deal...
MUMBAI, India, Feb. 26 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated February 23, 2026, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Belagavi District Central Co-operative Bank Limited, Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Gold Loan - Bullet R...
MUMBAI, India, Feb. 26 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated February 23, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Prakasapuram Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on 'Declaration of dividend by UCBs'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Sec...
MUMBAI, India, Feb. 26 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated February 13, 2026, imposed a monetary penalty of ₹3.10 Lakh (Rupees Three Lakh Ten Thousand only) on Vita Merchants' Co-operative Bank Ltd., Vita, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on 'Exposure Norms and Statutory / Other Restrictions - UCBs' and 'Fair Lending Practice - Penal Charges in Loan Accounts'. Th...
PATNA, India, Feb. 25 -- Patna High Court issued the following order on Jan. 27: 1. Learned Sub-judge, Danapur is directed to send Ext4 and Ext 6 to 6C to this Court within four weeks. 2. List this case on 24.02.2026. Disclaimer: Curated by HT Syndication....
PATNA, India, Feb. 25 -- Patna High Court issued the following order on Jan. 27: 1. No one appears either on behalf of the parties. 2. List this case on 26.02.2026. Disclaimer: Curated by HT Syndication....
PATNA, India, Feb. 25 -- Patna High Court issued the following order on Jan. 27: 1. No one appears on behalf of both the parties. 2. Four weeks' time is granted to the learned counsel for the appellants for removing the defect(s) as pointed out by the Stamp Reporter. 3. List this case on 24.02.2026. Disclaimer: Curated by HT Syndication....