New Delhi, May 29: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.
"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949.
This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.
According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.
Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.
After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.
This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Comments
BABA's everywhere ,
better call kamesh baba...
waiting for kamdev baba.....
LOL he must be a stud, this kind of libodo at this age.haha.
power of ayurvedic medicines
NITHYANANDA
SARAWATI
ASARAM BAPU
NARAYAN SAI
SAI BABA
kRIPALU MAHARAJ
iCHADARI BABA
PREMANANDA
its like every month ONE SWAMI is caught for sexual activities..
ALL above big Swamis caught in this act... When will U guys WAKE up... Hindus need to understand and not fall trap to anybody...
JUst depend on GOD. To depend on GOD only, U need to learn WHO is GOD... IF U are HONEST, the GOD who created U & ME & all that EXISTS will GUIDE YOU...
STOP worry about your life with all the RAHU KALAAS and other KALASS its a game played with the one who is far from the TRUE CREATOR... When U recognize the TRUE CREATOR ... U will understand this JOYTHIS Deception like \this day is not good or that\"
STOP fearing... and LEARN who is TRUE GOD."
Idol worship is wrong and the people who run it will never say to YOU guys cos its a money making tool to fool those who doesnt look \WHO is their CREATOR\"
Unless U search for YOUR CREATOR of YOU and all that Exists... We all fall to such a way of deception in worship which make the creation like STONES as YOUR GOD or REACHING GOD (which seems that we are not using our god given intellect.)
The CREATOR says PONDER on ME ... He will Guide us ..But If we rely on IDOLs and other created objects as Gods then our Intellect is ZERO. NOTHING
God says HUMANs are Intellect than any of his CREATION, if we USE our Intellect... to HONESTLY look for HIM. He will Guide us. even if you are in deep jungle looking for HIM.
But people believe what is said and they doesnt use their intellect. which is pushing them FAR from the TRUE CREATOR.
Recognize YOUR lord and WORSHIP the CREATOR and not his CREATION... U will not fall to such pornist as your SWAMI. its not first ... U check your self... (NA TASYA PRATIMA ASTI) There is no image of God ... PONDER Y are U asking with the ImAGE which is LIFELESS>>> not even move hands and heads like us."
Dear Brothers,
Please learn from these endless incidents.
Hindu community is responsible for these incidences not only the Babas.
This is the consequences of Not allowing the priests to get marry.
the same thing happens with Christian churches.
Allow the priests to get married. As they would have families, they can understand the problem of worshippers, public
Otherwise you have to face the unfortunate consequences with our own sisters.
May God Guide
BOLO BABA PARAMANAND KI...
Now many might be dreaming to became SWAMI at-least once in life time to have free fun and enjoyment with support and protection of RSS/BJP goondas and politicians
LOL..!! The continuous news of HindusSanghis involved in rapes, molestation etc. and in return the reward to set them free, one can simply say- Bharat Mata ki Jai!
LOL>>>We are not saying ALL HINDUS ARE RAPISTS. BUT ALL RAPISITS ARE HINUDS.
Doesn't it sound similar to Terrorist/Muslim etc.
Parmanand ji Maharaj: We are all fortunate to have Narendra Modi and Baba Ramdev with us.
Baba Ramdev is out of depth now. My sincere advice with Swami Parmanand jee is do Dhyan for sometime to regain balance.
Baba Hari Das gave me the name \Parmanand\". I think it was a great joke because everyone started calling me \"Parmasean\"."
Seriously i dont know, who make them famous, why people go there..
Baba Parmanand is a \stud\". Literally Was sexually exploiting infertile women to.. A feat at his age."
Just look at sanskaari, oops I mean, tharki Baba Parmanand's age. But then I am probably being ageist!
There goes another Fake Godman.
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