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RBI mulls new penalty framework for banks: Report

Additionally, the review may explore claw back of payouts to CEOs and key management personnel (KMP)

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RBI imposes monetary penalty on four co-operative banks, one NBFC Details here

The Reserve Bank has imposed monetary penalties on four co-operative banks. The co-operative banks are: Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd, Jolarpet Co-operative Urban Bank Ltd and Limbasi Urban Co-operative Bank

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