RBI Fines Mumbai Housing Finance Firm, Gujarat Co-Op Bank menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The RBI on Monday announced that it has slapped fines on Gujarat Mercantile Co-operative Bank and Mumbai-based West End Housing Finance for violating norms.Gujarat Mercantile Co-operative Bank was penalised as the bank had breached the .
The Reserve Bank (RBI) has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: Gujarat Mercantile Co-operative Bank, Nagarik Sahakari Bank, Makarpura Industrial Estate Co-operative Bank and Sevalia Urban Co-operative Bank