Reserve Bank of India (RBI) has imposed a penalty of Rs13.50 lakh on five cooperative banks, including four from Gujarat and one from Odisha, for non-compliance with the directions issued by the banking regulator.
Reserve Bank of India (RBI) has imposed monetary penalties on one bank in Mumbai, three cooperative banks in Pune and one bank from Satara in Maharashtra in separate cases involving the violation of the apex bank s norms.
The judge said he would hear the case on Thursday.
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| A+A A- By Express News Service
Aggrieved with the stoppage of counting of votes process in the elections held to the office of board of directors of AP Mahesh Cooperative Urban Bank Ltd, Hyderabad on December 20 this year, some contesting candidates on Wednesday approached the Telangana High Court with a plea to direct the returning officer (RO) concerned to complete the counting and to declare the result.
The judge said he would hear the case on Thursday. The RO suddenly stopped the counting after receiving instructions from superior officers. It appears the authorities concerned are under some influence, they alleged.