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RBI Imposes Rs67 05 Lakh Penalty on 4 Cooperative Banks and 1 NBFC

Reserve Bank of India (RBI) has imposed a penalty of Rs67.05 lakh on four cooperative banks and one non-banking financial company (NBFC) for deficiencies in regulatory compliance. Of the four banks penalised, two belong to Maharashtra, while the remaining two are from Gujarat and Tamil Nadu.

RBI fines Pudukkottai Co-operative Town Bank for non-compliance of guidelines

RBI slaps over ₹67 lakhs monetary penalty on 4 co-operative banks, 1 NBFC Details here

The RBI has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. The co-operative banks are: Nasik Merchant’s Co-operative Bank, Mehsana Urban Co-operative Bank, Sangli Sahakari Bank, Pudukkottai Co-operative Town Bank

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