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RBI Slaps Rs7.20 Lakh Penalty on 3 Cooperative Banks and 1 NBFC from Maharashtra

Reserve Bank of India (RBI) has imposed monetary penalties worth Rs7.20 lakh on three cooperative banks and one non-banking financial company (NBFC), from Maharashtra for violating various laws prescribed by the regulator. A maximum penalty of Rs4 lakh has been imposed on Annasaheb Magar Sahakari Bank Ltd. ....

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