Among the banks that have been fined for deficiencies in regulatory compliance are Co-operative Bank of Rajkot Ltd, Gandhidham Mercantile Co-operative Bank Ltd, and Meghraj Nagarik Sahakari Bank Ltd.
The Reserve Bank of India has imposed a monetary penalty of Rs 4.00 lakh (on The Co-operative Bank of Rajkot (Gujarat). Raj Bank, as it is called is guilty of contravention of directions issued by R