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RBI imposes penalties on five co-op banks worth Rs 8 lakh

The Reserve Bank of India imposed a monetary penalty on five cooperative banks on Monday for breaching

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

The RBI imposed monetary penalties on five cooperative banks for deficiencies in regulatory compliance. These cooperative banks are: The Manmandir Co-operative Bank, The Lakhvad Nagarik Sahakari Bank, Contai Co-operative Bank Ltd, Sarvodaya Co-operative Bank Ltd, and Sanmitra Sahakari Bank Ltd

TMC to implement Plan-B to remove opposition leader Shuvendu Adhikari from the post chairman of Contai co-operative bank Dgtl

Bengal govt will not conduct special audit of Contai coop bank: Calcutta high court | India News

Suvendu Adhikari gets removed from another post | India News

BJP functionary Suvendu Adhikari (File photo) TAMLUK: BJP functionary Suvendu Adhikari was on Saturday removed from the post of chairperson of Tamralipta Janakalyan Samity, an East Midnapore-based socio-cultural body that works for the welfare of freedom fighters. He had helmed the organisation for the past nine years. The move follows his removal from the Sanatan Brahman Trust. In both bodies, Adhikari has been replaced by minister Soumen Mahapatra, who is also TMC’s East Midnapore president. Adhikari, in addition to his cabinet posts and positions at HRBC and Haldia Development Authority, had headed several such bodies along with chairing three cooperative banks. A no-trust motion against him has been moved at Contai Co-operative Bank. Financial audits have been ordered at these banks.