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RBI fines four UCBs; imposes directive on Shirpur Merchants Co-op Bank

The Reserve Bank of India imposed monetary penalties on four urban cooperative banks and issued a fresh

Uttar pradeshRohtak central cooperative bankRohtak central bankShirpur merchant cooperative bankRaj laxmi mahila urban co operative bank ltdRaj laxmi mahila urban cooperative bankNagar sahkari bankNagar sahakari bankParwanoo urban cooperative bankParwanoo urban bank ltdReserve bankParwanoo urban co operative bank ltdPrudential normsIncome recognitionAsset classificationRohtak central co operative bank limited

RBI levies Rs 30 lac fine on J&K State Co-op Bank; five more UCBs fined

The Reserve Bank of India penalized a number of co-op banks and urban co-op banks on account of various acts of omission and commissions. Some of these include the City Co-operative Bank,

Jammu and kashmirPratap bank ltdKashmir state bank limited srinagarCity bankNagar sahakari bankPratap bankCity bank ltdNagar sahakari bank ltdBanda urban bank ltdMysore merchants bank ltdReserve bankCity co operative bankPratap co operative bankKashmir state co operative bank limitedIncome recognitionAssets classification

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