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Notwithstanding Nafcub complaints, RBI penalizes ten UCBs

The Reserve Bank of India has penalized about ten urban cooperative banks just as NAFCUB concluded its AGM recently in Delhi blaming the RBI for penalizing UCBs rather mercilessly. The penalties range from a few

West bengalAndaman nicobar state bankVarachha bank ltdJalgaon people bankBank ltdBanks on exposure normsBudge nangi cooperative bank ltdShree parswanath bank ltdTalod nagarik sahakari bank ltdBalitikuri cooperative bank ltdwest bengalAwareness fundHissar urban cooperative bankShree botad mercantile bankReserve bankJalgaon peopleCo operative bank

RBI Imposes Rs10,000 to Rs50 Lakh Penalties on 11 Cooperative Banks

The Reserve Bank of India (RBI) has imposed monetary penalties on 11 cooperative banks, including four from Gujarat, three from West Bengal, and one from Maharashtra, Andaman & Nicobar,

West bengalHissar urban cooperative bank ltdVarachha bank ltd at suratVarachha bank ltdJalgaon people bankTalod nagrik sahkari bank ltdJalgaon people bank ltdShree botad mercantile bank ltdBank ltdBudge nangi cooperative bank ltdAndaman nicobar state bank ltdShree parswanath bank ltdTalod nagarik sahakari bank ltdAwareness fundBalitikuri cooperative bank ltdReserve bank

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