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RBI imposes Rs 50-lakh fine on Bharat Co-operative Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 50 lakh on Bharat Co-operative Bank (Mumbai) Ltd, Maharashtra, for non-compliance with the directions issued by the central bank on Income Recognition, Asset Classification, Provisioning and Other Related Matters (IRAC norms).

Himachal s Parwanoo Urban Co-op Bank penalized

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