RBI imposes penalty of Rs. 1.9 Lakh on Muthoot Finance Ltd. for non-compliance with KYC Directions, 2016
Muthoot Finance had been allotting more than one UCIC to its individual customers in contradiction to the 2016 KYC Directions issued by the RBI.
Monetary Penalty
RBI imposes penalty of Rs. 1.31 Crore on Punjab National Bank for non-compliance of directions on ‘Loans and Advances’ and ‘KYC’
The Reserve Bank of India imposed monetary penalty on Punjab National Bank due to deficiencies in regulatory compliance.
Reserve Bank of India imposes penalty of 1.45 Crore on Central Bank of India for non-compliance with directions
RBI imposed penalty on Central Bank of India for failing to comply with directions for Loans and Advances as well as Customer Protection.
RBI imposes penalty of 3 Lakh on Hero FinCorp for non-compliance with Fair Practices Code
RBI imposed penalty on Hero FinCorp for failing to comply with 2016 Directions related to Fair Practices Code.
SEBI imposes a penalty of Rs. 2.25 crores on Bombay Dyeing and Rs. 11 crores on Wadia Group for misrepresenting financial statements
Securities and Exchange Board of India: The Bombay Dyeing and Manufacturing Company Ltd. (‘BDMCL’) and some of its promoters (Nusli Wadia, Ness
SEBI | Deliberate act of creating fictitious volumes distorting market equilibrium suffers a monetary penalty even in the absence of disproportionate gains
Securities and Exchange Board of India (SEBI): Maninder Cheema, Adjudicating Officer, while affirming the violations under Regulation 3 (a), (b), (c), (d)
Penalty on — Fortune Integrated Assets Finance Ltd. for non-compliance of– Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016
The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2020, a monetary penalty of Rs 2 lakh
RBI imposes monetary penalty on Jaiprakash Narayan Nagari Sahakari Bank Ltd.
The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed a monetary penalty of Rs 1.00 lakh on
RBI imposes monetary penalty on Bandhan Bank, Janata Sahakari Bank Ltd. and Jalgaon Peoples Co-operative Bank Ltd.
Bandhan Bank Limited he Reserve Bank of India (RBI) has, by an order dated October 29, 2019, imposed a monetary penalty of
Del HC | Provision for lesser penalty under amended S. 13 PMLA is applicable retrospectively; Appellate Tribunal’s order modifying punishment of fine to warning held unassailable
Delhi High Court: Vibhu Bakhru, J., addressed a criminal appeal filed by Financial Intelligence Unit-IND, Ministry of Finance under Section 42 of
RBI imposes ‘Monetary Penalty’ on 7 Public Sector Banks
Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on seven banks for non-compliance with
Reserve Bank of India imposes monetary penalty on Punjab National Bank
RBI has imposed, by an order dated February 25, 2019, a monetary penalty of Rs 20 million (Rupees Twenty Million) on Punjab