Reserve Bank of India

Photo: The Economic Times

RBI Imposes Fines On 5 Cooperative Banks For Irregularities

The Reserve Bank of India has imposed penalties on five cooperative banks, on September 5. The penalty of Rs 25 lakh has been imposed on The Karnataka State Co-operative Apex Bank, Rs 15 lakhs on Thane Bharat Sahakari Bank Limited, Rs 5 Lakh Rani Laxmibai Urban Co-operative Bank, Jhansi, Rs 2 lakh on Nicholson Co-operative Town Bank and Rs  Urban Co-operative Bank, Rourkela, for irregularities and other illegality,.

Tue, 06 Sep 2022 - 11:02 AM / by Varsha Joshi

Tags: Irregularities, Cooperative Bank, RBI, penalty, business