Web1 day ago · Many Regulated Entities (REs) use penal rates of interest, over and above the applicable interest rates, in case of defaults or non-compliance by the borrower with the terms on which credit facilities were sanctioned. To review extant regulatory guidelines on levy of penal interest, the Reserve Bank of India (RBI) released 'draft circular on fair … WebMar 10, 2024 · Join our whatsapp group and get instant news updates. The Reserve Bank of India on March 10, 2024, said it has cancelled the Certificate of Registration (CoR) of 17 …
RBI cancels license of Pune-based Rupee Cooperative Bank, says …
WebSep 10, 2024 · RBI has so far canceled the license of many banks and financial institution. At the same time, recently RBI has canceled the license of another bank, after which the … WebMay 19, 2024 · As per a data, the RBI had revoked 1701 NBFC licenses in 2024 till March 31. Apart from it, 779 NBFC license cancellation took place in the month of October and … cummins ism power steering pump
Rupee Co-op Bank. RBI cancels Rupee Co-operative Bank’s licence
WebDec 9, 2024 · In thier notification, RBI stated, The Reserve Bank of India (RBI) has, vide order dated December 7, 2024 cancelled the licence of The Karad Janata Sahakari Bank Ltd., Karad, Maharashtra to carry ... WebSep 22, 2024 · By Aishwarya Paliwal: The Reserve Bank of India (RBI) on Thursday cancelled the licence of Maharashtra-based The Laxmi Co-operative Bank, citing lack of adequate … WebSep 22, 2024 · “The bank does not have adequate capital and earning prospects,” the RBI said while announcing that The Laxmi Co-operative Bank ceases to carry on banking business, with effect from the close ... easvlogsolutions