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
The RBI imposed monetary penalties on 5 cooperative banks for deficiencies in regulatory compliance. These cooperative banks are: Shri Mahila Sewa Sahakari Bank, Porbandar Vibhagiya Nagarik Sahkari Bank, Sarvodaya Nagarik Sahakari Bank, Khambhat Nagarik Sahakari Bank, Vejalpur Nagarik Sahkari Bank
The RBI has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. The co-operative banks are: Nasik Merchant’s Co-operative Bank, Mehsana Urban Co-operative Bank, Sangli Sahakari Bank, Pudukkottai Co-operative Town Bank
RBI imposed a penalty of ₹90.92 lakh on Axis Bank for non-compliance with KYC, code of conduct guidelines. The penalty was imposed after the bank failed to preserve customer identification records, and did not obtain declarations from customers at the time of opening current accounts