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RBI penalizes Apna Sahakari Bank
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RBI slaps Rs 79 lakh fine on Apna Sahakari Bank over non-compliance of rules
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RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank
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There are many urban cooperative banks in India that have failed to lend credit to the borrowers in the 2019-20 fiscal due to adverse market conditions but the Maharashtra based Apna Sahakari Bank has stood out with its excellent performance. The bank crossed a business mix of Rs 6k crore.
The total deposits of the bank stood at Rs 3,723.62 crore as on March 31, 2020 whereas earlier it was Rs 3,464.94 crore as on March 31.2019. The loan & advances of the bank stood at Rs 2,503.51 crore as on March 31, 2020 whereas it was Rs 2,410.43 crore as on March 31.2019.
The total business mix of the bank stood at Rs 6,227.13 crore whereas in the FY 2018-19 it was Rs 5,875.37 crore.