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RBI wields its Regulatory Authority again; penalizes four UCBs

The Reserve Bank of India wielded its regulatory authority, slapping monetary penalties on four cooperative

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Four UCBs penalized; Fine of Rs 63 lac on Bombay Mercantile Co-op Bank

Reserve Bank of India imposed monetary penalties on four cooperative banks for breaching the RBI norms.

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RBI Slaps Rs1 13 crore Lakh Penalty on 4 Cooperative Banks including Bombay Mercantile Cooperative Bank

Reserve Bank of India (RBI) has imposed a penalty of Rs1.13 crore on four cooperative banks, including Bombay Mercantile Cooperative Bank Ltd, for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs63.30 lakh has been imposed on Bombay Mercantile Cooperative Bank.

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RBI Slaps Rs1 13 Crore Penalty on 4 Cooperative Banks including Bombay Mercantile Cooperative Bank

Reserve Bank of India (RBI) has imposed a penalty of Rs1.13 crore on four cooperative banks, including Bombay Mercantile Cooperative Bank Ltd, for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs63.30 lakh has been imposed on Bombay Mercantile Cooperative Bank.

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BMC Bank earns profit & enters insurance business

Mumbai based Bombay Mercantile Cooperative Bank organized its 86th Annual General Meeting on Monday,

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