RBI imposes monetary penalty on 4 co-operative banks. Details here

The RBI has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These banks are: Ordnance Equipment Factory Prarambhik Sahkari Bank, Vishwanathrao Patil Murgud Sahakari Bank, The Shibpur Co-operative Bank, The Chiplun Urban Co-operative Bank

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