Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks citing the violation of different laws prescribed by the regulator. Of these, two banks are from Maharashtra while others belong to West Bengal and Kanpur in Uttar Pradesh. RBI has levied a fine of Rs3 lakh, the highest among the banks, on Ordnance Equipment Factory Prarambhik Sahkari Bank Ltd from Kanpur.
NCP chief Sharad Pawar submits letter to PM Modi on amendments in Banking Regulation Act, highlights 3 inconsistencies freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.