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RBI imposes Rs 58 lakh penalty on Abhyudaya Co-operative Bank for not following norms


RBI on Monday introduced that it has imposed a penalty on Abhyudaya Sahakari Financial institution Ltd, Mumbai for non-compliance with a number of instructions, together with on NPA-related norms.

RBI imposes Rs 58 lakh penalty on Abhyudaya Co-operative Bank for not following norms

RBI acknowledged that the Noida Business Co-operative Financial institution, Ghaziabad, has been fined Rs 1 lakh for violating sure norms of the Banking Regulation Act, 1949 guidelines. Pic: Reuters

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