On Monday, the Reserve Bank of India imposed a penalty on two banks located in Gujarat. These are Jamanagar People’s Cooperative Bank and Shree Chhani Nagrik Sahakari Bank. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 4 lakh (Rupees Four Lakh only) on Shree Chhani Nagrik Sahakari Bank Limited, Vadodara aOn Monday, the Reserve Bank of India imposed a penalty on two banks located in Gujarat. These are