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RBI imposes fine on five co-op banks; extends Directives on four

Last week, the Reserve Bank of India imposed a penalty on five cooperative banks for breaching RBI norms ....

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RBI imposes monetary penalty on five co-operative banks. Details here

RBI has imposed monetary penalties on 5 cooperative banks for deficiencies in regulatory compliance. These banks are: Patliputra Central Cooperative Bank, Patan Nagarik Sahakari Bank, Mandal Nagarik Sahakari Bank, Balasore Bhadrak Central Cooperative Bank and Dhrangadhra People’s Cooperative Bank ....

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