Five cooperative banks have been penalised by the RBI, know details
The RBI also stated that the fines are due to a lack of regulatory compliance.
Source: dnaindia.com
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From Rs 25 lakh to Rs 10k RBI penalizes five co-op banks
Last week several co-op banks and UCBs were penalized for non-adherence with the norms of RBI. While
Source: indiancooperative.com
RBI imposes penalties on THESE five co-operative banks; check here
RBI imposes penalties on THESE five co-operative banks; check here
Source: freepressjournal.in
Urban Co-op Bank, Budaun penalized
RBI has imposed a monetary penalty of Rs 2.00 lakh on the Urban Co-operative Bank Ltd., Budaun for contravention of sub-section (1) of Section
Source: indiancooperative.com
Eight UCBs penalized across states; Fines from Rs 4 lac to Rs 25k
Eight urban cooperative banks from across the country were penalized by the RBI last week on various acts of omis
Source: indiancooperative.com