The RBI has imposed monetary penalties on 5 co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: Uma Co-operative Bank, Pij People’s Co-operative Bank, Mizoram Co-operative Apex Bank, Birbhum District Central Co-operative Bank and Shihori Nagarik Sahakari Bank
While the Karnataka State Co-operative Apex Bank was levied a hefty penalty this week, by the RBI, there areaWhile the Karnataka State Co-operative Apex Bank was levied a hefty penalty this week, by the RBI, there are