MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank has decided to grant 'in-principle' approval to AU Small Finance Bank Limited (AUSFB) for transitioning from a Small Finance Bank (SFB) to a Universal Bank. Background It may be recalled that the Guidelines for licensing of Small Finance Banks in the Private Sector dated November 27, 2014 had provided a transition path for SFBs to convert into Universal Banks subject to the SFB's fulfilling mi...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 05, 2025, imposed a monetary penalty of ₹16 lakh (Rupees Sixteen Lakh only) on Andaman & Nicobar State Co-operative Bank Limited (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with directions issued by RBI on 'Know Your Customer (KYC)'. This penalty ha...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 05, 2025, imposed a monetary penalty of ₹3.03 lakh (Rupees Three Lakh Three Thousand only) on The Katihar District Central Co-operative Bank Limited, Bihar (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 'Membersh...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated July 31, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Chanasma Nagrik Sahakari Bank Limited, Chanasma, Dist. Patan, Gujarat (the bank) for non-compliance with certain directions issued by RBI on 'Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions'. This...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 05, 2025, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Raiganj Central Co-operative Bank Limited, West Bengal (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 4...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on August 08, 2025 (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...
GUWAHATI, India, Aug. 6 -- Gauhati High Court issued the following order on July 10: 1. Heard Mr. T. Hussain, learned counsel for the petitioners. Also heard Mr. M. P. Goswami, learned Additional Public Prosecutor for the State. 2. This application under Section 482 of BNSS, 2023 has been filed by the petitioner, namely, Kalyani Roy, who is apprehending her arrest in connection with Panbazar P.S. Case No. 320/2024 under Sections 303(2)/318(4) of BNS. 3. The gist of accusation in this case i...
GUWAHATI, India, Aug. 6 -- Gauhati High Court issued the following order on July 10: 1. Heard Mr. R. P. Sarma, learned senior counsel assisted by Ms. B. Das, learned counsel for the petitioners. Also heard Mr. D. P. Goswami, learned Additional Public Prosecutor for the State. 2. Considering the nature of accusations in the FIR, perusal of the case diary would be necessary. 3. Hence, call for the case diary. 4. List this matter again on 17.07.2025. Disclaimer: Curated by HT Syndication....
GUWAHATI, India, Aug. 6 -- Gauhati High Court issued the following order on July 10: 1. Heard Mr. A. W. Aman, learned counsel for the petitioner. Also heard Mr. B. Sarma, learned Additional Public Prosecutor for the State. 2. Considering the nature of offence involved in this case, let the offence Disclaimer: Curated by HT Syndication....
GUWAHATI, India, Aug. 6 -- Gauhati High Court issued the following order on July 10: 1. Heard Mr. R. P. Sarma, learned senior counsel assisted by Ms. B. Das, learned counsel for the petitioners. Also heard Mr. D. P. Goswami, learned Additional Public Prosecutor for the State. 2. Considering the nature of accusations in the FIR, perusal of the case diary would be necessary. 3. Hence, call for the case diary. 4. List this matter again on 17.07.2025. Disclaimer: Curated by HT Syndication....