scorecardresearchRBI imposes penalties on five co-operative banks; Check list here

RBI imposes penalties on five co-operative banks; Check list here

Updated: 06 Sep 2022, 08:10 AM IST
TL;DR.
The RBI also said that the penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.
FILE PHOTO: A security guard at the Reserve Bank of India (RBI) headquarters in Mumbai, India, August 5, 2022. REUTERS/Francis Mascarenhas//File Photo

FILE PHOTO: A security guard at the Reserve Bank of India (RBI) headquarters in Mumbai, India, August 5, 2022. REUTERS/Francis Mascarenhas//File Photo