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Bad times for UCBs: Five fined & Directions on Six extended till Jan, 24

On Monday, through several notifications’ RBI announced that it has imposed fine on five urban cooperative ....

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RBI Imposes Rs13.10 Lakh Penalty on 5 Cooperative Banks

Reserve Bank of India (RBI) has imposed Rs13.10 lakh penalties on five cooperative banks for violating rules and regulations prescribed by the regulator. Of these, three banks are from Gujarat, while others belong to West Bengal and Mizoram. RBI has levied a fine of Rs7 lakh, the highest among the banks, on Uma Cooperative Bank Ltd from Gujarat.Reserve Bank of India (RBI) has imposed Rs13.10 lakh penalties on five cooperative banks for violating rules and regulations prescribed by the regulator. Of these, three banks are from Gujarat, while others belong to West Bengal and Mizoram. RBI has levied a fine of Rs7 lakh, the highest among the banks, on Uma Cooperative Bank Ltd from Gujarat. ....

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Bad times for UCBs: Five fined & Directions on Six extended till Jan, 24

On Monday, through several notifications’ RBI announced that it has imposed fine on five urban cooperative ....

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RBI fines three Gujarat banks for breach of norms

RBI fines three Gujarat banks for breach of norms
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RBI fines 3 Gujarat banks for breach of norms

The RBI has imposed monetary penalties on three co-operative banks in Gujarat for violating official norms in the conduct of their operations.A penalty of Rs 7 lakh has been imposed on Uma Co-Operative Bank Ltd., Vadodara for contravention of . ....

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