RBI slaps Rs 10 lakh penalty on four co-operative banks for issues in regulatory compliance

A penalty of Rs 5 lakh has been imposed on Jowai Co-operative Urban Bank Limited. The RBI has also imposed penalty of Rs 2 lakh each on The Krishnanagar City Co-operative Bank Limited and The Tura Urban Cooperative Bank Limited for similar contraventions.

from Banking/Finance-Industry-Economic Times https://ift.tt/30RpdDq