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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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RBI Imposes Monetary Penalty On 5 Co-operative Banks

RBIs monetary penalty on these co-operative banks range from Rs 50,000 to Rs 5 Lakh.

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RBI fines 5 of Gujarat s UCBs; highest fine on Shree Bharat Co-op Bank

On Thursday, the Reserve Bank of India imposed fines totalling Rs 13.50 lakh on five urban cooperative banks

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RBI Fines Four Banks In Mumbai And Pune

RBI Fines Four Banks In Mumbai And Pune
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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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