The central bank said a penalty of Rs 13 lakh has been imposed on Janata Sahakari Bank, Pune for non-compliance with directions on 'Interest Rate on Deposits'.
The Adoor Co-operative Urban Bank will ensure to repay unpaid and unclaimed deposits of non-members held by it, whenever demanded, even after being notified as non-banking institution, the RBI said
The RBI today imposed penalties on four cooperative banks—Bombay Mercantile Co-operative Bank, Tamil Nadu State Apex Co-operative Bank, Janata Sahakari Bank and Baran Nagrik Sahkari Bank—for contravention of various norms
Rs 50,000 seized from co-ops bank chairman house dtnext.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnext.in Daily Mail and Mail on Sunday newspapers.
As lockdown eases, demand for gold loans expected to surge in Tamil Nadu thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.