Reserve Bank of India (RBI) has imposed a penalty of Rs67.05 lakh on four cooperative banks and one non-banking financial company (NBFC) for deficiencies in regulatory compliance. Of the four banks penalised, two belong to Maharashtra, while the remaining two are from Gujarat and Tamil Nadu.
The Reserve Bank of India (RBI) has imposed a penalty of ₹25,000 on Pudukkottai Co-operative Town Bank Ltd for non-compliance of directions issued on Board of Directors - UCBs .
The RBI has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. The co-operative banks are: Nasik Merchant’s Co-operative Bank, Mehsana Urban Co-operative Bank, Sangli Sahakari Bank, Pudukkottai Co-operative Town Bank
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