RBI imposes penalties on 4 cooperative banks

A penalty of Rs 62.50 lakh has been imposed on The Ahmedabad Mercantile Co-operative Bank, Ahmedabad; Rs 37.50 lakh on SVC Co-operative Bank, Mumbai; and Rs 25 lakh on Saraswat Cooperative Bank, Mumbai.

from Banking/Finance-Industry-Economic Times https://ift.tt/3dtojDb