RBI imposes Rs 2 lakh penalty on TDCC Bank for sanctioning loan to its director
时间:2024-09-29 02:52:20 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
- Nifty, Bank Nifty outlook- Nifty to trade in 15,600-15,900 range, Bank Nifty may top 37,000; Infosys in focus
- Nifty to top 17500 or bears to grip D-St- 7 things to know before share market opens
- Markets Wrap – Thu, 19 Jan ‘23- Stocks sink, rupee falls; Asia, Europe markets, Gold, Crude, Crypto updates
- Yatra lists at 10% discount; Should you hold or exit-
- Mcap of seven of top-10 most valued firms climb Rs 67,859
- World Food India 2023- PM Modi inaugurates mega food event – See photos
- Nifty to witness selling below 18300, Bank Nifty may trade range-bound; use this strategy for 1 Dec F&O expiry
- Nintendo forced into ‘kill screen’- This teen becomes first human ever to beat cult-classic Tetris
- Wipro, IndiGo, Reliance, DreamFolks Services, Adani Power, Paras Defence stocks in focus on 7 September 2022