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RBI Imposes Monetary Penalty of Rs 5 Lakh on Gujarat-Based Shree Bharat Co-Operative Bank for Non-Compliance of Guidelines

"This penalty has been imposed in the exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949," the press release said.
RBI Imposes Monetary Penalty of Rs 5 Lakh on Gujarat-Based Shree Bharat Co-Operative Bank for Non-Compliance of Guidelines. ....

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