RBI slaps over ₹67 lakhs monetary penalty on 4 co-operative banks, 1 NBFC. Details here
The RBI has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. The co-operative banks are: Nasik Merchant’s Co-operative Bank, Mehsana Urban Co-operative Bank, Sangli Sahakari Bank, Pudukkottai Co-operative Town Bank
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