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The RBI imposed monetary penalties on five cooperative banks for deficiencies in regulatory compliance. These cooperative banks are: The Manmandir Co-operative Bank, The Lakhvad Nagarik Sahakari Bank, Contai Co-operative Bank Ltd, Sarvodaya Co-operative Bank Ltd, and Sanmitra Sahakari Bank Ltd
Those smaller UCBs which parked their money with the erstwhile Punjab and Maharashtra Cooperative (PMC)
The Reserve Bank has imposed monetary penalties on five co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: SBPP Co-operative Bank, Sahayadri Sahakari Bank, Rahimatpur Sahakari Bank, Gadhinglaj Urban Co-operative Bank and Kalyan Janata Sahakari Bank
The Reserve Bank has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: The Citizens’ Co-operative Bank, HCBL Co-operative Bank, Shree Warana Sahakari Bank and The State Transport Co-operative Bank
The Reserve Bank of India has imposed penalties on four urban co-operative banks for flouting of its various norms.