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RBI Imposes Rs 50,000 Penalty on Pali District Co-op Bank for KYC Lapses

India, March 24 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 50,000 on The Pali District Central Co-operative Bank Ltd., Rajasthan, for non-compliance with its Know Your Cus... Read More


RBI imposes Rs 30,000 Penalty on Kshirsagar Sahakari Bank for Regulatory Lapses

India, March 24 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 30,000 on Loknete R.D. Appa, Kshirsagar Sahakari Bank Ltd., Niphad, Maharashtra, for non-compliance with regulat... Read More


RBI imposes Rs 30,000 Penalty on Vedvyas Finance for Governance Lapses

India, March 24 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 30,000 on Vedvyas Finance Private Limited, Odisha, for non-compliance with regulatory directions related to gove... Read More


RBI imposes Rs 1 lakh penalty on Mysore & Chamarajnagar Co-op Bank for Compliance Lapses

India, March 24 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 lakh on The Mysore and Chamarajnagar District Co-operative Central Bank Limited, Karnataka, for violations of ... Read More


RBI imposes Rs 1 lakh penalty on Kodagu District Co-op Bank for regulatory breach

India, March 24 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 lakh on The Kodagu District Co-operative Central Bank Limited, Karnataka, for violation of provisions under th... Read More


RBI appoints New Administrator for Irinjalakuda Town Co-operative Bank

India, March 24 -- The Reserve Bank of India (RBI) has appointed Gopi Krishnan C R, former General Manager of Indian Bank, as the new Administrator of Irinjalakuda Town Co-operative Bank Ltd, Kerala, ... Read More


RBI imposes Rs 50,000 penalty on Tanur Co-operative Urban Bank for KYC Lapses

India, March 24 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 50,000 on The Tanur Co-operative Urban Bank Limited, Kerala, for non-compliance with its Know Your Customer (KYC... Read More


Rupee hits record low, slips to 93.94 against US dollar in early trade

India, March 23 -- The rupee extended its losses in early Monday trade, falling 41 paise to touch a record low of 93.94 against the US dollar. The decline comes amid elevated global crude oil prices d... Read More


Euro Pratik Sales acquires 51% stake in Chawla Brothers for Rs 33.2 cr

India, March 23 -- Euro Pratik Sales Ltd has announced the acquisition of a 51% stake in Chawla Brothers for Rs 33.2 crore, including a capital infusion of Rs 4.1 crore. The transaction, expected to b... Read More


PNGS Reva Diamond Jewellery reports 2.5x surge in Gudhi Padwa revenue

India, March 23 -- PNGS Reva Diamond Jewellery Ltd reported a strong performance on the occasion of Gudhi Padwa for FY 2025–26, with revenue rising to Rs 73.004 million. This marks a significan... Read More