RBI imposes monetary penalty on Odisha Gramya Bank for violating rules
The central bank said that the penalties were due to deficiencies in regulatory compliance by the banks.
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The central bank said that the penalties were due to deficiencies in regulatory compliance by the banks.
The central bank imposed Rs 5 lakh penalty on The Nakodar Hindu Urban Co-operative Bank, Rs 3.50 lakh on Jogindra Central Co-operative Bank, and Rs 2 lakh on The Fatehabad Central Cooperative Bank, RBI said in a release.
Rajkot: The Reserve Bank of India (RBI) has imposed a penalty of Rs 43.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2 crore on State Bank of India (the bank) under relevant section of the banking regulation Act.
The company had not maintained the prescribed Liquidity Coverage Ratio (LCR) of 60 percent as on March 31, 2022.