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RBI slaps penalty on two UCBs of Gujarat

On Monday, the Reserve Bank of India imposed a penalty on two banks located in Gujarat. These are Jamanagar People’s Cooperative Bank and Shree Chhani Nagrik Sahakari Bank. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 4 lakh (Rupees Four Lakh only) on Shree Chhani Nagrik Sahakari Bank Limited, Vadodara aOn Monday, the Reserve Bank of India imposed a penalty on two banks located in Gujarat. These are ....

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