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 RBI imposed penalties on 5 cooperative banks for deficiencies in regulatory compliance. These cooperative banks are: Indapur Urban Cooperative Bank, Janakalyan Sahakari Bank, Patan Urban Cooperative Bank, Pune Merchants Cooperative Bank, Pune Municipal Corp Servant’s Cooperative Urban Bank
One of the founding members of Sahakar Bharati and RBI Central Board Director Satish Marathe brought laurels to the cooperative sector by receiving the prestigious Dr R Parnerk
One of the founding members of Sahakar Bharati and RBI Central Board Director Satish Marathe brought laurels to the cooperative sector by receiving the prestigious Dr R Parnerk