The Reserve Bank of India (RBI) has imposed monetary penalties on three banks in Gujarat for violation of the central bank's lending norms, according to an official statement issued on Monday.A penalty of Rs 4 lakh was imposed on Shree Lodra .
The Reserve Bank has imposed monetary penalties on four co-operative banks. The co-operative banks are: Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd, Jolarpet Co-operative Urban Bank Ltd and Limbasi Urban Co-operative Bank