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Seven days & seven UCBs; RBI imposes fine for flouting its norms

The Reserve Bank of India imposed penalties on four cooperative banks of Gujarat and extended direction

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RBI Slaps Rs10 7 Lakh Penalty on 4 Cooperative Bank from Gujarat and 1 NBFC from Maharashtra

The Reserve Bank of India (RBI) has imposed a total penalty of Rs10.70 lakh on four cooperative banks from Gujarat and one non-banking financial company (NBFC) from Maharashtra for deficiencies in regulatory compliance.

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