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RBI penalizes five co-op banks, extends Directive on one

The Reserve Bank of India imposed monetary penalties on five cooperative banks worth Rs 60.30 lakh and

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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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RBI imposes monetary penalty of ₹60 30 lakh on five co-operative banks

RBI imposes monetary penalty of ₹60 30 lakh on five co-operative banks
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RBI imposes Rs 60 3 lakh penalty on five co-operative banks

RBI imposed penalties totaling Rs 60.3 lakh on five co-operative banks for regulatory violations. Penalties include fines for non-compliance with specific directions. Monetary penalties are based on regulatory compliance issues, not transaction validity.

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RBI Imposes Monetary Penalties On Four Co-operative Banks

The penalty on Rajkot Nagarik Sahakari Bank was imposed for granting loans to companies in which the banks directors held interests.

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