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RBI Penalises Five Co-Operative Banks, Check Details Here

RBI Penalises Five Co-Operative Banks, Check Details Here
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Rajkot Nagarik Sah Bank joins Rs 10K Club; Upbeat Mehta announces on FB

Rajkot Nagarik Sah Bank joins Rs 10K Club; Upbeat Mehta announces on FB
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RBI Slaps Rs84 Lakh Penalty on 5 Cooperative Banks, including NKGSB Cooperative Bank

Reserve Bank of India (RBI) has imposed a penalty of Rs84 lakh on five cooperative banks, including NKGSB Cooperative Bank Ltd and New India Cooperative Bank Ltd from Mumbai, for non-compliance with the directions issued by the banking regulator.

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RBI slaps monetary penalties on five co-op banks

RBI slaps monetary penalties on five co-op banks
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RBI Imposes Rs8 Lakh Penalty on 5 Cooperative Banks for Violation of Rules

Reserve Bank of India (RBI) has imposed monetary penalties on five cooperative banks for violating various rules and regulations prescribed by RBI. Of these, three banks are from Maharashtra, while others belong to West Bengal and Gujarat. RBI levied a penalty of Rs3 lakh, the highest among five banks, on Maharashtra-based Manmandir Cooperative Bank Ltd.

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