The Reserve Bank of India (RBI) has imposed penalties on several banks for various violations. The Bihar State Co-operative Bank has been fined Rs 60.20 lakh for failing to identify and report suspicious transactions and submit statutory returns. Jowai Cooperative Urban Bank has been fined Rs 6 lakh for regulatory non-compliance, while Telangana State Cooperative Apex Bank has been penalized Rs 2 lakh for failing to transfer eligible amounts to the Depositor Education and Awareness Fund. The Co-operative Bank of Rajkot has been fined Rs 10 lakh for contravention of directions, according to the RBI statement. Additionally, Equitas Holdings and Mukand Global Finance have surrendered their NBFC license.