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RBI penalizes 5 co-op banks; extends directions on Ramgarhia Co-op Bank

The Reserve Bank of India imposed monetary penalties on five cooperative banks and extended the period of

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RBI levies Rs 2 lakh penalty on Halol Urban Co-operative Bank for regulatory non-compliance

RBI levies Rs 2 lakh penalty on Halol Urban Co-operative Bank for regulatory non-compliance
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RBI Fines Halol Urban Co operative Bank Rs 2 Lakh For Non Compliance - BW Businessworld

The penalty follows a comprehensive statutory inspection conducted by the RBI regarding the Halol Urban Co-operative Bank s financial status as of 31 March 2022, , bank, reserve bank of india, penalty

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RBI imposes monetary penalty on four co-operative banks

These banks are The Halol Urban Co-operative Bank, The Mehsana Jilla Panchayat Karmachari Co-operative Bank, Navsarjan Industrial Co-operative Bank, and The Stambhadri Co-operative Urban Bank

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RBI imposes monetary penalty on five co-operative banks Details here

The RBI has imposed monetary penalties on five cooperative banks for deficiencies in regulatory compliance. These co-operative banks include Navsarjan Industrial Cooperative Bank, Mehsana Jilla Panchayat Karmachari Cooperative Bank, and Halol Urban Cooperative Bank.

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