RBI penalises five cooperative banks for regulatory incompliance1 min read . Updated: 05 Sep 2022, 09:07 PM IST
The Reserve Bank of India has imposed penalties on five cooperative banks as they were not complying with the rules and regulations of the central bank
The Reserve Bank of India on Monday penalized five cooperative banks as they were deficient in complying with the rules and regulations given by the Central Bank. RBI cleared that these penalties are not part of any intention to pronounce the validity of any transaction or agreement entered by these banks with their customers.
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