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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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