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RBI imposes fine on five co-op banks; extends Directives on four

Last week, the Reserve Bank of India imposed a penalty on five cooperative banks for breaching RBI norms

Uttar pradeshTamil naduPatan nagarik sahakari bank ltdMembership of credit information companies cicsMandal nagarik sahakari bank ltdFaiz mercantile cooperative bankMusiri urban bankBalasore bhadrak central bank ltdPatliputra central cooperative bank ltdMandal nagarik sahakari bankDhrangadhra people bankPatliputra central cooperative bankAwareness fund schemePatan nagrik sahakari bankBanaras mercantile bank ltdBalasore bhadrak central bank

RBI imposes monetary penalty on five co-operative banks Details here

RBI has imposed monetary penalties on 5 cooperative banks for deficiencies in regulatory compliance. These banks are: Patliputra Central Cooperative Bank, Patan Nagarik Sahakari Bank, Mandal Nagarik Sahakari Bank, Balasore Bhadrak Central Cooperative Bank and Dhrangadhra People’s Cooperative Bank

Narayana murthyMembership of credit information companies cicsMandal nagarik sahakari bankDhrangadhra people bank ltdBank of indiaMandal nagarik sahakari bank ltdAwareness fund schemeBalasore bhadrak central bank ltdCredit information companiesPatliputra central cooperative bank ltdAwareness fundDhrangadhra people bankPatan nagarik sahakari bankPatan nagarik sahakari bank ltdBalasore bhadrak central bankPatliputra central cooperative bank

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