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Business News: Reserve Bank of India imposes penalties on 8 cooperative banks

Business News: Reserve Bank of India imposes penalties on 8 cooperative banks
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Notwithstanding Nafcub complaints, RBI penalizes ten UCBs

The Reserve Bank of India has penalized about ten urban cooperative banks just as NAFCUB concluded its AGM recently in Delhi blaming the RBI for penalizing UCBs rather mercilessly. The penalties range from a few

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RBI Imposes Rs10,000 to Rs50 Lakh Penalties on 11 Cooperative Banks

The Reserve Bank of India (RBI) has imposed monetary penalties on 11 cooperative banks, including four from Gujarat, three from West Bengal, and one from Maharashtra, Andaman & Nicobar,

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Eight UCBs across states penalized for flouting RBI norms

Some of the well-known urban cooperative banks in the country were penalized by the RBI recently for flouting its statutory

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RBI imposes penalties on 8 cooperative banks

Reserve Bank of India (RBI) on Monday said penalties have been imposed on eight cooperative banks for deficiencies in their regulatory compliances. A penalty of Rs 4 lakh has been imposed on The Associate Co-operative Bank Ltd, Surat (Gujarat) for contravention of directions on 'Loans and advances to directors, relatives and firms/concerns in which they are interested', and

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