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RBI Imposes Rs27.50 Lakh Penalty on 4 Cooperative Banks from Maharashtra, 1 from Gujarat

Reserve Bank of India (RBI) has imposed monetary penalties on five cooperative banks, citing the violation of different laws prescribed by the regulator. Four banks are from Maharashtra, while the other belongs to Gujarat. RBI has levied a fine of Rs13 lakh, the highest among the banks, on SBPP Cooperative Bank Ltd from Gujarat. ....

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Seven days & thirteen banks; RBI relentless in imposing penalties

The Reserve Bank of India imposed a penalty on thirteen urban cooperative banks in a period of less than ....

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

The Reserve Bank has imposed monetary penalties on five co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: SBPP Co-operative Bank, Sahayadri Sahakari Bank, Rahimatpur Sahakari Bank, Gadhinglaj Urban Co-operative Bank and Kalyan Janata Sahakari Bank ....

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