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RBI Slaps Rs6.25 Lakh Penalty on 5 Cooperative Banks from Gujarat

Reserve Bank of India (RBI) has imposed Rs6.25 lakh penalties on five cooperative banks from Gujarat, citing the violation of different laws prescribed by the regulator. RBI has levied a fine of Rs2.5 lakh, the highest among the banks, on Shri Mahila Sewa Sahakari Bank Ltd. Other banks penalised by RBI are Vejalpur Nagarik Sahkari Bank Ltd, Khambhat Nagarik Sahakari Bank Ltd, Porbandar Vibhagiya Nagarik Sahkari Bank Ltd and Sarvodaya Nagarik Sahakari Bank Ltd ....

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

The RBI imposed monetary penalties on 5 cooperative banks for deficiencies in regulatory compliance. These cooperative banks are: Shri Mahila Sewa Sahakari Bank, Porbandar Vibhagiya Nagarik Sahkari Bank, Sarvodaya Nagarik Sahakari Bank, Khambhat Nagarik Sahakari Bank, Vejalpur Nagarik Sahkari Bank ....

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