RBI imposes penalty on Sri Kalahasti Co-operative Town Bank Ltd., SriKalahasti, Andhra Pradesh

-

 Reserve Bank of India has imposed a monetary penalty of INR1,00,000/- on Sri Kalahasti Co-operative Town Bank Ltd.,

Sri Kalahasti Co-operative Town Bank Ltd., is located at North Mada Street, SriKalahasti, Andhra Pradesh

The monetary penalty was for violation of Section 20 and Section 20 A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) and directives/guidelines of the Reserve Bank on loans and advances to directors and their relatives.

The town of SriKalahasti is famous for one of the most famous Shiva temples in South India

SriKalahasti temple is the only temple which remains open during Grahanam (Solar and Lunar Eclipse) also.

The temple is located on the banks of the river Swarnamukhi, it is 36 km away from Tirupathi in Chittoor district of Andhra Pradhesh.

Another famous temple in SriKalahasti is the Bhakta Kannappa Temple

It is also the origin of the popular textile painting art called kalamkari.

Srikalahasti is popularly known as "Dakshina Kaashi".


Nearby tourist places near Srikalahasti

Comments

Post a Comment

Popular posts from this blog

CERTIFICATE EXAMINATION IN INTERNATIONAL TRADE FINANCE

-
Image
          This certification is essential for all members of a Bank Trade Finance Department.   The syllabus covers key aspects required by team members to effectively discharge their duties. Trade Finance is one of the traditional forms of bank finance in India. In view of reforms and liberalisation, this has gained a new significance.   Many of the practices in trade finance have evolved over a period of time and some are guided by Ministry of Commerce and Reserve Bank of India, besides WTO and International Chamber of Commerce through UCPDC 600. With the increase in the volume of trade both domestically and internationally, there is a need for trade finance professionals from banks as well as corporates. The Objectives of this IIBF Examination is as under:   (i) To provide candidates with competencies required to function as trade finance practitioners. (ii) To enable candidates to possess the ...
Read more

IIBF-Certificate Examination in Foreign Exchange Facilities for Individuals

-
          The primary objective this IIBF course is to make the branch officials familiar with the FEMA provisions that impact their day to day functioning at the branch level.     This exam is being introduced pursuant to the recommendation of a committee of RBI.           Normally foreign exchange transactions pertaining to individuals are handled at branches only and are not referred to specialised forex cells.           The course covers ‘Foreign Exchange Facilities for individuals under FEMA1999’ RBIs FAQs’ on Forex Facilities for Residents (Individuals) (updated up to November 21, 2014) For full details refer to Reserve Bank of India website: Introduction : The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Un...
Read more

IIBF introduces Self-Paced E-learning courses (SPeL) for its two certificates

-
Image
          Indian Institute of Banking Finance (IIBF) has taken a quantum leap in disseminating knowledge to its members and non-members.           IIBF in April 2019, introduced the Self-Paced E-learning courses (SPeL) concept for banking enthusiasts to be familiar with banking concepts.           In the first stage, IIBF has launched   two certificate courses i.e 1. Digital Banking and 2. Ethics in Banking.           The objective of this self-paced e-learning mode are as follows: • Participants can make the best use of his or her time, in order to meet his or her learning objectives. • Participants can access the course   anywhere/anytime with an internet connection. • Participants need not travel to give their examinations. It saves time and money of the participants. ...
Read more