RBI imposes Rs 2 lakh penalty on TDCC Bank for sanctioning loan to its director
时间:2024-06-26 09:11:23 阅读(143)
The Reserve Bank of India (RBI) has said it has imposed a penalty of Rs 2 lakh on the Thane District Central Co-operative (TDCC) Bank for alleged violation of banking regulations by sanctioning loan to one of the directors of the bank.
The RBI gave this information in a release issued by its Chief General Manager Yogesh Dayal on Friday.
The penalty was imposed under the powers conferred on the RBI under sections of the BR Act.
The statutory inspection of the bank conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2022, and examination of the inspection report and all the related correspondence, revealed that the TDCC Bank had sanctioned a loan to one of its directors, the release said.
A show-cause notice was then issued to the bank. After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, the RBI came to the conclusion that the charge of contravention of the statutory provisions was substantiated, a release issued by said.
猜你喜欢
- 5 technical stocks to buy- Nifty may hit 15500, Sensex seen at 53,000 in next 3-6 months
- Adani Ports falls after Deloitte quits as auditor
- 5 Chinese state-owned companies to delist from NYSE amid US tensions
- Jefferies sees 25% upside potential for Axis Bank; assign ‘Buy’ rating with target price of Rs 1250
- Active vs Passive Mutual Funds- Passive is the way to go in large caps, experts agree - FE Manage Your Money
- Karnataka logs 201 fresh Covid-19 cases and 1 new death
- 52-week high, 52-week low- RIL, Adani Power among 139 BSE stocks at new highs; Zomato, Future Retail hit lows
- AAP claims Arvind Kejriwal to be arrested today, security tightened around ED headquarters
- L&T Infotech stock falls as earnings and dividend fail to entice investors; time to buy, sell, or hold-