RBI penalises Rajputana Mahila Urban Co-operative Bank Ltd., Jaipur

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..... RBI penalises Rajputana Mahila Urban Co-operative Bank Ltd., Jaipur
News and Press Release
Dated:- 8-10-2013

The Reserve Bank of India has imposed a monetary penalty of Rs. 2.00 lakh (Ru .....

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..... pees two lakh only) on Rajputana Mahila Urban Co-operative Bank Ltd., Jaipur, in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking R .....

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..... egulation Act, 1949 (As applicable to Co-operative Societies), for violating the provisions of Section 35 (2) of B.R. Act, 1949 (AACS) by not providing records/information/statements of accounts of va .....

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..... rious heads and vouchers with supporting documents etc. for verification. The Reserve Bank of India had issued a show cause notice to the bank, in response to which the bank submitted a written reply .....

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..... . After considering the facts of the case and the bank's reply in the matter, the Reserve Bank of India came to the conclusion that the violations were substantiated and warranted imposition of the mo .....

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..... netary penalty. It therefore imposed the penalty on the bank. Ajit Prasad Assistant General Manager
News - Press release - PIB .....

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