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RBI fines 5 of Gujarat s UCBs; highest fine on Shree Bharat Co-op Bank

On Thursday, the Reserve Bank of India imposed fines totalling Rs 13.50 lakh on five urban cooperative banks

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RBI Slaps Rs13 50 Lakh Penalty on 4 Cooperative Banks from Gujarat, 1 from Odisha

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.

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RBI imposes penalty on Limdi Urban Co-operative Bank for non-compliance

RBI imposes penalty on Limdi Urban Co-operative Bank for non-compliance
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RBI slaps monetary penalties on five co-op banks

RBI slaps monetary penalties on five co-op banks
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RBI penalties on Gujarat banks: RBI penalises five Gujarat-based cooperative banks

The Reserve Bank of India has imposed penalties on five Gujarat-based cooperative banks for non-compliance with its regulations. The penalties range from Rs 50,000 to Rs 5 lakh, with the most severe being a Rs 5 lakh penalty on the Vadodara-based Shree Bharat Co-operative Bank for non-compliance with its 2016 norms on interest rate on deposits.

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