MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Ghatal Peoples Co-operative Bank Limited (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 47A(1)...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Gopalganj Central Co-operative Bank Limited, Bihar (the bank) for contravention of provisions of Section 9 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Know Your Cus...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Pune Sahakari Bank Ltd., Shivajinagar, Pune vide Directive No. CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, for a period of six months. The same were modified from time to time and were last extended up to close of business on December 10, 2025. 2. After reviewing the financ...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹10,000/- (Rupees Ten Thousand Only) on The Boudh Co-operative Central Bank Ltd., Odisha (the bank) for non-compliance with certain directions issued by RBI on 'Membership of Credit Information Companies (CICs) by Co-operative Banks'. This penalty has been imposed in exercise of powers conferred on RBI ...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹1.40 lakh (Rupees One Lakh Forty Thousand only) on The Begusarai Central Co-operative Bank Limited, Begusarai, Bihar (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 provisio...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand Only) on Sahara Housingfina Corporation Limited, West Bengal (the company) 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 52A of...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Ranaghat People's 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 47A(1)(c) re...
GUWAHATI, India, Oct. 15 -- Gauhati High Court issued the following order on Sept. 15: Heard Mr. B. Chetri, learned counsel for the petitioner; Ms. S. Chutia, learned standing counsel for the respondent No. 1 in Elementary Education Department; Ms. R.M. Barooah, learned standing counsel for the respondent No. 2 in Finance Department; and Mr. S. Bora, learned standing counsel for the respondent Nos. 3 to 6 in Bodoland Territorial Council) BTC. 2. In this petition, under Article 226 of the Consti...
GUWAHATI, India, Oct. 15 -- Gauhati High Court issued the following order on Sept. 15: 1. Heard Mr. M. J. Quadir, learned counsel for the petitioner. Also heard Mr. S. K. Ghosh, learned counsel for the respondent No. 1. 2. This review petition under Section 114 of the Code of Civil Procedure, 1908 has been filed by the petitioner, namely, Abdul Jalil Laskar praying for review of the order dated 26.06.2020 passed by a Co-ordinate Bench of this Court (Hon'ble Mr. Justice Prasanta Kumar Deka, si...
GUWAHATI, India, Oct. 15 -- Gauhati High Court issued the following order on Sept. 15: 1. Heard Mr. G. N. Sahewalla, the learned senior counsel assisted by Mr. K. Bhattacharya, the learned counsel for the appellant in RSA No. 299/2014. Also heard Mr. M. H. Rajbarbhuiya, the learned counsel for the appellant in RSA No. 305/2014. Also heard Mr. S. P. Choudhury, the learned counsel appearing for the principal respondents as well as Mr. T. R. Gogoi, the learned counsel appearing for the respondent ...