RBI has imposed monetary penalties on 5 cooperative banks for deficiencies in regulatory compliance. These banks are: Patliputra Central Cooperative Bank, Patan Nagarik Sahakari Bank, Mandal Nagarik Sahakari Bank, Balasore Bhadrak Central Cooperative Bank and Dhrangadhra People’s Cooperative Bank
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.00 lakh on the Dhrangadhra People’s Co-operative Bank Ltd., Dhrangadhra, Dist. Surendranagar, Gujarat.