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RBI Imposes Rs3 10 Lakh Penalty on 3 Cooperative Banks from Maharashtra, 1 from Telangana

Reserve Bank of India (RBI) has imposed Rs3.10 lakh penalties on four cooperative banks for violating various laws prescribed by RBI. Of these, three belong to Maharashtra and the other to Telangana. The banks penalised are Patan Cooperative Bank Ltd, Prathamik Shikshak Sahakari Bank Ltd, Rajarshi Shahu Sahakari Bank Ltd from Maharashtra, and District Cooperative Central Bank Ltd from Telangana.

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