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The RBI said a penalty of Rs 1 lakh has been imposed on the Noida Commercial Co-operative Bank, Ghaziabad for contravention of certain norms of the Banking Regulation Act, 1949.
Press Release STANDALONE & CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2022 ... | May 2, 2022
On Monday the Reserve Bank of India imposed penalties on three urban co-operative banks. They are Kokan
The central bank said a penalty of Rs 2 lakh has been imposed on Kokan Mercantile Co-operative Bank Ltd., Mumbai for similar non-compliance.
The Reserve Bank of India imposed penalties on eight co-op banks on various acts of omission and commission on Monday. The highest penalty imposed was Rs 48.00 lakh on SBPP Co-operative Bank