The central bank imposed Rs 5 lakh penalty on The Nakodar Hindu Urban Co-operative Bank, Rs 3.50 lakh on Jogindra Central Co-operative Bank, and Rs 2 lakh on The Fatehabad Central Cooperative Bank, RBI said in a release.
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The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2 crore on State Bank of India (the bank) under relevant section of the banking regulation Act.