The Reserve Bank of India (RBl) has imposed a monetary penalty of Rs 3 lakh on the Shirpur Peoples Co-operative Bank, Shirpur, in Maharashtra for contravention of or non-compliance with certain directions issued by the central bank.
Union Home Minister Amit Shah on Friday said that the government is setting up a multi-state co-operative so that profits from organic products reach farmers directly.
The Centre on Wednesday introduced the Multi-State Co-operative Societies (Amendment) Bill, 2022 in the Lok Sabha to improve the ease of doing business, increase financial discipline and enable the raising of funds in the Multi-State Cooperative Societies.
The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 5 lakh on the Bharat Co-operative Bank, Bengaluru, for violations of directions of the central bank.
Mumbai (Maharashtra) [India], November 29 (ANI) The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.25 crore on Zoroastrian Co-operative Bank, Bombay, for non-compliance with RBI directions on Discounting of Bills by UCBs - Restricted Letters of Credit and the provisions of the Co-operative Banks Rules, 1985.