The Reserve Bank has imposed monetary penalties on three co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: Saraswat Co-operative Bank Limited, Bassein Catholic Co-operative Bank Ltd, and Rajkot Nagarik Sahakari Bank Ltd
TEDxCRCE illustrated the extraordinary impact of simple ideas by hosting the 7th edition of the annual conference for the year 2023 in the Association with Indian Oil Corporation Ltd (IOCL).
In a statement, RBI said the Bank of Bahrain & Kuwait BSC, India operations failed to implement systems to detect unusual and unauthorised, internal or external activities in its database.