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RBI Slaps Rs1 13 crore Lakh Penalty on 4 Cooperative Banks including Bombay Mercantile Cooperative Bank

Reserve Bank of India (RBI) has imposed a penalty of Rs1.13 crore on four cooperative banks, including Bombay Mercantile Cooperative Bank Ltd, for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs63.30 lakh has been imposed on Bombay Mercantile Cooperative Bank.

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RBI Slaps Rs1 13 Crore Penalty on 4 Cooperative Banks including Bombay Mercantile Cooperative Bank

Reserve Bank of India (RBI) has imposed a penalty of Rs1.13 crore on four cooperative banks, including Bombay Mercantile Cooperative Bank Ltd, for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs63.30 lakh has been imposed on Bombay Mercantile Cooperative Bank.

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RBI Imposes Rs4 55 Lakh Penalty on 5 Cooperative Banks

Reserve Bank of India (RBI) has imposed monetary penalties on five cooperative banks, citing the violation of different laws prescribed by the regulator. Three banks are from Gujarat, while others belong to Maharashtra and West Bengal. RBI has levied a fine of Rs2 lakh, the highest among the banks, on Sardargunj Mercantile Cooperative Bank Ltd from Gujarat.

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RBI penalizes five co-op banks including Thane DCCB

The Reserve Bank of India has imposed monetary penalties on five banks on Friday for breaching the RBI

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Nostalgic Modi revisits early days of his tenure as Gujarat CM – Central India s Premier English Daily

Nostalgic Modi revisits early days of his tenure as Gujarat CM – Central India s Premier English Daily
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Mercantile cooperative bankGujarat chief ministerPrime minister narendra modiKeshubhai patelVibrant gujarat global summitChief ministerSwami vivekananda