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Reserve Bank of India (RBI) has imposed monetary penalties worth Rs7.20 lakh on three cooperative banks and one non-banking financial company (NBFC), from Maharashtra for violating various laws prescribed by the regulator. A maximum penalty of Rs4 lakh has been imposed on Annasaheb Magar Sahakari Bank Ltd.
The RBI has imposed monetary penalties on three co-operative banks and one NBFC for deficiencies in regulatory compliance. These co-operative banks are: Annasaheb Magar Sahakari Bank, Jawhar Urban Co-operative Bank and Janata Urban Co-operative Bank
VADODARA: The Dahod police arrested three people who tried to extort Rs 90 lakh from a man by threatening to circulate his wife’s nude photographs on .