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The Reserve Bank of India has imposed, by an order dated January 16, 2023, a monetary penalty of Rs 1.50 lakh (Rupees One lakh and Fifty Thousand only) on Samarth Sahakari Bank Ltd., Solapur (Maharashtra)
The Reserve Bank of India (RBl) has imposed a monetary penalty of Rs 3 lakh on the Shirpur Peoples' Co-operative Bank, Shirpur, in Maharashtra for contravention of or non-compliance with certain directions issued by the central bank.
The Reserve Bank of India (RBl) has imposed a monetary penalty on five cooperative banks for some contravention or for non-compliance with varied central bank directions.
Get latest articles and stories on Business at LatestLY. This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, RBI said. Business News | RBI Imposes Rs 3-lakh Penalty on Shirpur Peoples' Co-operative Bank in Maharashtra.
The Reserve Bank of India (RBI) has fined five cooperative banks for violating or failing to comply with various central bank directives.