The penalties imposed on these eight banks ranged from Rs 1 lakh to Rs 40 lakh. Furthermore, the RBI imposed a monetary penalty on Spandana Sphoorty Financial, an NBFC.
Get latest articles and stories on Latest News at LatestLY. The RBI on Monday said it has imposed penalties on eight cooperative banks, including a fine of Rs 40 lakh on the Mehsana Urban Co-operative Bank, Gujarat, for non-compliance with various norms. Latest News | RBI Penalises 8 Co-op Banks.
Goa State Cooperative Bank Ltd Not A State Under Art 12, Does Not Discharge Any Public Functions: Full Bench Of Bombay High Court livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.