RBI imposes penalties on two co-operative banks for regulatory violations

RBI imposes penalties on two co-operative banks for regulatory violations

Follow Us on Google News Mumbai, June 30 (IANS) The Reserve Bank of India (RBI) on Monday imposed monetary penalties on two co-operative banks for failing to comply with its regulatory directions. In an order dated June 26, the RBI imposed a penalty of Rs 14.30 lakh on Shree Kadi Nagarik Sahakari Bank Limited, based … Read more

Mumbai: Minister tells BMC to impose penalties on negligent road contractors

Mumbai: Minister tells BMC to impose penalties on negligent road contractors

Follow Us on Google News Mumbai, May 21 (IANS) Mumbai Suburban Guardian Minister Ashish Shelar on Wednesday directed the BrihanMumbai Municipal Corporation (BMC) to impose penalties on negligent contractors engaged in road works. “The contractors have clearly fallen short in planning and executing the road works as required. Those who have failed to deliver must … Read more

Meghalaya CM launches scheme to waive Rs 26 crore penalties in outstanding power bills

Meghalaya CM launches scheme to waive Rs 26 crore penalties in outstanding power bills

Shillong, March 4 (IANS) Meghalaya Chief Minister Conrad K Sangma on Tuesday launched the One Time Settlement (OTS) scheme for the consumers of Meghalaya Energy Corporation Limited (MeECL) who are yet to clear their dues. Launching the scheme in the presence of Power Minister Abu Taher Mondal, the Chief Minister said that close to 45,000 … Read more