The Reserve Bank of India has penalized three banks on various counts of flouting of its norms. RBI imposed a monetary penalty of Rs 50.00 lakh on The Nasik Merchant's Co-operative Bank for non-compliance with the
The Reserve Bank on Monday said it has imposed penalty on three cooperatives banks, including Maharashtra-based The Nasik Merchant s Co-operative Bank, for deficiencies in regulatory compliance.
The Reserve Bank in a statement said it has imposed penalty on three cooperatives banks for deficiencies in regulatory compliance. The three cooperative banks include, The Maharashtra State Co-operative Bank; The Nasik Merchant's Co-operative Bank;