Tag Archives: Mumbai

KyaZoonga’s crash landing – Good Publicity or Bad Publicity

If you are holding one of the 5,000 tickets sold via KyaZoonga’s for Sachin Tendulkar’s final match, trust you have picked-up the physical tickets by now.

The ticket pickups begin after 2pm on Tues, Nov 12 at the Mumbai Hockey Association, next to the Wankhede Main Gate. The lucky few have to follow all instructions mentioned in the email.

The 5000 tickets were sold in a span of 15 hours, as the site was witnessing unprecedented traffic. The tickets were sold only online and not at counters.

The Wankhede Stadium can accommodate 45,000 spectators’ and majority of the seats were filled up as complimentary passes.

The general public had access to only 5000 tickets.

The site was displaying problems since Nov 11th morning. Hence, it took 15 hours to sell all the tickets allotted to it.






IIBF (Indian Institute of Banking and Finance) has announced the launch of a new course in association with ICSI (Institute of Company Secretaries of India)

The new course was launched at the hands of Shri K.C. Chakraborty, Deputy Governor, Reserve Bank of India on 12th July 2013 at Mumbai.

Online enrollment has already commenced through IIBF web site for the first examination scheduled on 15th December 2013


– Members of IIBF who have passed CAIIB and working in Banks

– Members of ICSI (who have passed final CS course)

The candidates have to pass the Objective Type Test and also complete the class room learning.

All the successful candidates will be awarded ‘Certified Banking Compliance Professional’ citation jointly by IIBF and ICSI.

The names of the certified candidates will be hosted on IIBF website and also forwarded to all Commercial Banks for considering them for selection / appointment as Compliance Officers.

As the course is primarily open to CAIIB holders, Bankers have one more reason to complete the CAIIB Course.

The course broadly covers:

Risk Management in banking and financial institutions covering inter-alia Credit Risk Management, Operations Risk Management, Market Risk and organization of risk functions in Banks

– Legal and Regulatory aspects of Risk, Governance and Compliance

– Compliance function – Roles and Responsibilities



CKP Co-operative Bank Ltd., Mumbai, Maharashtra – Penalised


A monetary penalty of Rs5lacs has been imposed by Reserve Bank of India on CKP Co-operative Bank Ltd.

The following are the long list of violations for which the monetary penalty was imposed.

  • violation of the Reserve Bank of India’s directive / guidelines on opening of on-site ATMs,
  • extending finance to borrowers outside area of operations,
  • exceeding exposure to housing and real estate, single party exposure limit, loans to directors,
  • issuing bank guarantee to an entity not banking with them,
  • non-filing of Suspicious Transaction Report (STR) report to Financial Intelligence Unit-India (FIU-IND),
  • exceeding individual limit of unsecured advances,
  • Sanctioning overdraft against third party FDs to one of its directors.


The Bank was established in 1915, which makes it one of the oldest Urban Co-op Bank in Mumbai.

The C.K.P. Co-op Bank Ltd has its Head Office at Matunga, Mumbai. The bank has 8 branches spread across Mumbai and Thane Districts.

Matunga in Mumbai was part of the seven original islands of Mumbai. Matunga is the corrupt name of Matanga, the Sanskrit word for elephant.  The local king in the 13th century had stationed a elephant cavalry at Matanga, near Mahim.

The Bharath Co-operative Bank Ltd., Bangalore, Karnataka – Penalised

A monetary penalty of Rs5.00lac has been imposed on The Bharath Co-operative Bank Ltd., Bangalore by Reserve Bank of India.

The penalty has been imposed for : –

  1. violation of the RBI’s instructions contained in Circular UBD.BPD.Cir.50/13.05.00/2002-03 dated April 29, 2003

  2. violation of RBI Directive UBD.BPD.Cir.5/13.05.00/2002-03 dated April April 29, 2003

  3. violation of RBI’s instructions as in Circular UB No.BPD.CIR/54/13.05.00/2002-03 dated June 24, 2003

  4. for sanctioning/renewing of loans and advances to directors, their relatives and firms/concerns in which the directors are interested, suppressing of such information by not reporting the same in the relevant quarterly statement in proforma I & II submitted to the Reserve Bank of India

  5. for furnishing false information to the Inspecting Officer of Reserve Bank.

A Google search of ‘bharath co-operative bank ltd., bangalore’, does not reveal any information.

There is another similar co-operative bank by the name ‘The Bharat Co-operative Bank (Mumbai)Ltd. I am sure, that both are different.