RBI imposes penalty on 8 banks, got account in any of THESE?
New Delhi: The Reserve Bank of India (RBI) has imposed monetary penalties on eight Indian banks. Chhattisgarh Rajya Sahakari Bank, The Goa State Co-operative Bank, Garhaa Co-Operative Bank, The Yavatmal Urban Co-operative Bank, Jila Sahakari Kendriya Bank, Warud Urban Co-operative Bank, Indapur Urban Co-operative Bank, and The Mehsana Urban Co-operative Bank were among the eight banks. The penalties imposed on these eight banks ranged from Rs 1 lakh to Rs 40 lakh. Furthermore, the RBI imposed a monetary penalty on Spandana Sphoorty Financial, an NBFC. Read More:- Kajari Teej 2022: Date, significance, puja vidhi – check here Chhattisgarh Rajya Sahakari Bank Maryadit, Raipur: The Reserve Bank of India imposed a Rs 25 lakh penalty on this bank for failing to comply with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’. The penalty follows a statutory inspection of the bank by NABARD regarding the bank’s financial position as of Marc...