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RBI penalizes 3 co-op banks
The Free Press Journal
|November 20, 2024
The Reserve Bank of India (RBI) announced that it has imposed a monetary penalty on three cooperative banks in Gujarat for failing to comply with certain directions issued by the apex bank.
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In the first case, RBI imposed a monetary penalty of ₹1.50 lakh on The Vepar Udhyog Vikas Sahakari Bank Limited in Dahod for non-compliance with certain directions on 'Maintenance of Cash Reserve
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