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RBI Imposes Penalties on 5 Co-operative Banks - Karnataka State, Thane Bharat Sahakari, Rani Laxmibai Urban, Nicholson Bank & Urban Co-op Bank

The Reserve Bank of India (RBI) has imposed penalties on five cooperative banks, including Rs25 lakh on The Karnataka State Co-operative Apex Bank, Bengaluru, for deficiencies in regulatory compliance.

Uttar pradeshTamil naduNicholson town bank noThane bharat sahakari bankKarnataka state apex bank ltdRani laxmibai urban bankKarnataka state apex bankAwareness fundReserve bankKarnataka state co operative apex bankKarnataka state co operative apex bank ltdThane bharat sahakari bank limitedCustomer protectionCo operative banksUnauthorised electronic bankingRani laxmibai urban co operative bank

From Rs 25 lakh to Rs 10k RBI penalizes five co-op banks

Last week several co-op banks and UCBs were penalized for non-adherence with the norms of RBI. While

Uttar pradeshNicholson town bank noThane bharat sahakari bankKarnataka state apex bank ltdRani laxmibai urban bankKarnataka state apex bankAwareness fundKarnataka state co operative apex bankRani laxmibai urban co operative bankUrban co operative bankNicholson co operative town bankThanjavur districtReserve bankInspection reportThane bharat sahakari bank limitedCustomer protection

Five cooperative banks have been penalised by the RBI, know details

The RBI also stated that the fines are due to a lack of regulatory compliance.

Uttar pradeshTamil naduNicholson town bank noThane bharat sahakari bankKarnataka state apex bank ltdRani laxmibai urban bankKarnataka state apex bankAwareness fundReserve bankKarnataka state co operative apex bankKarnataka state co operative apex bank ltdThane bharat sahakari bank limitedCustomer protectionCo operative banksUnauthorised electronic bankingRani laxmibai urban co operative bank

From Rs 25 lakh to Rs 10k RBI penalizes five co-op banks

Last week several co-op banks and UCBs were penalized for non-adherence with the norms of RBI. While

Uttar pradeshNicholson town bank noThane bharat sahakari bankKarnataka state apex bank ltdRani laxmibai urban bankKarnataka state apex bankAwareness fundKarnataka state co operative apex bankRani laxmibai urban co operative bankUrban co operative bankNicholson co operative town bankThanjavur districtReserve bankInspection reportThane bharat sahakari bank limitedCustomer protection

RBI imposes penalties on THESE five co-operative banks; check here

RBI imposes penalties on THESE five co-operative banks; check here

Uttar pradeshTamil naduNicholson town bank noThane bharat sahakari bankKarnataka state apex bank ltdRani laxmibai urban bankKarnataka state apex bankAwareness fundReserve bankKarnataka state co operative apex bankKarnataka state co operative apex bank ltdThane bharat sahakari bank limitedCustomer protectionCo operative banksUnauthorised electronic bankingRani laxmibai urban co operative bank

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