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,.
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