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RBI slaps monetary penalties on five co-op banks

RBI slaps monetary penalties on five co-op banks
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RBI penalties on Gujarat banks: RBI penalises five Gujarat-based cooperative banks

The Reserve Bank of India has imposed penalties on five Gujarat-based cooperative banks for non-compliance with its regulations. The penalties range from Rs 50,000 to Rs 5 lakh, with the most severe being a Rs 5 lakh penalty on the Vadodara-based Shree Bharat Co-operative Bank for non-compliance with its 2016 norms on interest rate on deposits. ....

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RBI Imposes Penalties On 5 Gujarat-Based Cooperative Banks

The monetary penalty on each of these five banks by the RBI is based on deficiencies in regulatory compliance, RBI Imposes Penalties On 5 Gujarat-Based Cooperative Banks ....

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

The RBI imposed penalties on 5 cooperative banks for deficiencies in regulatory compliance. These cooperative banks are: Indapur Urban Cooperative Bank, Janakalyan Sahakari Bank, Patan Urban Cooperative Bank, Pune Merchants Cooperative Bank, Pune Municipal Corp Servant’s Cooperative Urban Bank ....

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RBI imposes fine on AP Mahesh Bank for lax cybersecurity practices

RBI imposes fine on AP Mahesh Bank for lax cybersecurity practices
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