The Reserve Bank of India penalized a number of co-op banks and urban co-op banks on account of various acts of omission and commissions. Some of these include the City Co-operative Bank,
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.76 crore on Vakrangee Limited (the entity) for non-compliance with certain provisions of the White Label ATM (WLA) directions.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.