RBI imposes Rs 30 lakh penalty on Janata Sahakari Bank, Pune

The statutory inspection of the bank with reference to its financial position as on March 31, 2019, the Inspection Report pertaining thereto, and examination of all related correspondence revealed that the bank had not complied with the directions on exposure to sensitive sectors (real estate) and classification and reporting of frauds, the RBI said.

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