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RBI imposes fine on five co-op banks; extends Directives on four

Last week, the Reserve Bank of India imposed a penalty on five cooperative banks for breaching RBI norms

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RBI Imposes Rs6 Lakh Penalty on 5 Cooperative Banks

Reserve Bank of India (RBI) has imposed a penalty of Rs6 lakh on five cooperative banks, citing the violation of different laws prescribed by the banking regulator. Of these, three banks are from Gujarat, while others belong to Bihar and Odisha.

Mandal nagarik sahakari bankDhrangadhra people cooperative bankBalasore bhadrak central cooperative bankPatan nagarik sahakari bank ltdPatliputra central cooperative bankDhrangadhra people cooperative bank ltdPatan nagarik sahakari bankMandal nagarik sahakari bank ltdBalasore bhadrak central cooperative bank ltdDhrangadhra peopleCooperative bank ltdBihar based patliputra central cooperative bankNagarik sahakari bankCooperative bankMutual fund returnsAnk fixed deposits

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

RBI has imposed monetary penalties on 5 cooperative banks for deficiencies in regulatory compliance. These banks are: Patliputra Central Cooperative Bank, Patan Nagarik Sahakari Bank, Mandal Nagarik Sahakari Bank, Balasore Bhadrak Central Cooperative Bank and Dhrangadhra People’s Cooperative Bank

Narayana murthyMembership of credit information companies cicsMandal nagarik sahakari bankDhrangadhra people bank ltdBank of indiaMandal nagarik sahakari bank ltdAwareness fund schemeBalasore bhadrak central bank ltdCredit information companiesPatliputra central cooperative bank ltdAwareness fundDhrangadhra people bankPatan nagarik sahakari bankPatan nagarik sahakari bank ltdBalasore bhadrak central bankPatliputra central cooperative bank

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