365Telugu.com Online News, March 28th,2023: RBI has imposed a fine of Rs 12.30 lakh on six co-operative banks for not complying with KYC norms. One of these is Aligarh District Co-operative Bank in Uttar Pradesh, which has Rs. 2 lakh fine.. The bank did not follow the validity of the agreement. While Delhi Nagarik Sahakari Bank was also fined Rs 3 lakh for violating the order.
Some more banks are worried due to the banking crisis in Europe. A banker said that the banking crisis in America and Europe has increased anxiety. At the same time, lenders in India were also asked to improve their assessment of asset-liability profiles. The RBI governor also said that appropriate measures should be taken to protect Indian banks.
On Saturday, the finance minister held a meeting with the heads of public sector banks on NPAs, deposits and other issues. Indian banks have previously been forced to cut back on exposure to debt-ridden companies under insolvency laws.
The banker said it would be wise to increase scrutiny of large corporate loan accounts. Banks have been asked to monitor mark-to-market impact on balance sheets and maintain liquidity ratios amid rising interest, sources said.
Banks have been asked to monitor the mark-to-market impact on balance sheets and manage liquidity ratios amid rising interest rates, sources said.
Public sector banks have been directed to scrutinize loans given to large corporate accounts. Also, the government has asked these banks to submit a plan to deal with business losses in key areas within two weeks.