The Reserve Bank of India (RBI) has imposed a penalty of ₹25,000 on Pudukkottai Co-operative Town Bank Ltd for non-compliance of directions issued on Board of Directors - UCBs .
The monthly wages of skilled MCD workers are likely to be increased by ₹528 to ₹20,903, that of semi-skilled workers by ₹494 to ₹18,993 and of unskilled labourers from ₹16,792 to ₹17,234, the official said