RBI Approves Merger of National and Cosmos Co-operative Banks Introduction: RBI’s Approval for Bank MergerThe Reserve Bank of India (RBI) has granted approval for the merger of the National Co-operative Bank and Cosmos Co-operative Bank. This approval marks a significant step in India’s banking sector, as it aims to create a stronger and more resilient…
RBI Revises NPA Provisioning Norms for Cooperative Banks Introduction to the Revised Norms The Reserve Bank of India (RBI) has announced a significant revision to the Non-Performing Asset (NPA) provisioning norms for cooperative banks. This change, introduced on August 5, 2024, aims to enhance the financial stability of cooperative banks and ensure better risk management….
RBI Cancels Purvanchal Cooperative Bank’s Licence Financial Insufficiency and Regulatory Action The Reserve Bank of India (RBI) has revoked the licence of Purvanchal Co-operative Bank, situated in Ghazipur, Uttar Pradesh. The decision stems from the bank’s failure to maintain sufficient capital and sustainable earnings. This financial inadequacy led the RBI to take regulatory action to…
RBI Takes Action Against Abhyudaya Cooperative Bank’s Governance Issues The Reserve Bank of India (RBI) has recently taken stringent actions against the Abhyudaya Cooperative Bank due to governance issues that have raised concerns among stakeholders. This move by the RBI comes as a response to lapses in the bank’s governance and management, which have prompted…
RBI Prescribes Norms for Closure of DCCB Branches The Reserve Bank of India (RBI) has recently prescribed new norms for the closure of District Central Cooperative Bank (DCCB) branches. These guidelines come as a significant development in the banking sector and have implications for candidates preparing for various government exams, including those aspiring to become…
RBI Imposes Monetary Penalty on Four Co-operative Banks & 1 HFC The Reserve Bank of India (RBI) recently imposed monetary penalties on four cooperative banks and one housing finance company. This development has significant implications for various government exams, including those aspiring for positions in teaching, police, banking, railways, defense, and civil services, such as…
RBI Imposes Monetary Penalties on Four Cooperative Banks The Reserve Bank of India (RBI) recently made headlines by imposing monetary penalties on four cooperative banks operating in the country. This move has significant implications for candidates preparing for various government exams, including those aspiring to become teachers, police officers, banking professionals, railway employees, and civil…
RBI Grants Non-Banking Institution License to Mahalaxmi Cooperative Bank, Cancels Banking Permit The Reserve Bank of India (RBI) recently made a significant decision regarding Mahalaxmi Cooperative Bank. In a move to address the bank’s financial stability and ensure the smooth functioning of the cooperative banking sector, the RBI granted a non-banking institution license to Mahalaxmi…
RBI Imposes Penalties on Standard Chartered Bank and Credit Bureaus, Penalizes Cooperative Banks as Well The Reserve Bank of India (RBI) recently took stringent actions against Standard Chartered Bank and credit bureaus for non-compliance with regulatory guidelines. In addition, several cooperative banks also faced penalties for various violations. These developments have significant implications for students…
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