scorecardresearchRBI imposes penalty on 8 co-op banks; Check list to see if you have account in any

RBI imposes penalty on 8 co-op banks; Check list to see if you have account in any

Updated: 30 Aug 2022, 08:13 AM IST
TL;DR.
A penalty of 10 lakh has been imposed on Bharat Heavy Electricals Employees' Co-operative Bank, Kailasapuram, Tiruchirappalli, Tamil Nadu; 5 lakh on The Ottapalam Co-operative Urban Bank Ltd, No.F. 1647, Ottapalam, Palakkad District, Kerala; and 10 lakh on The Darussalam Co-operative Urban Bank, Hyderabad, Telangana.
Mumbai: Reserve Bank of India Governor Shaktikanta Das arrives to address a press conference in Mumbai, Friday, Aug. 5, 2022. (PTI Photo/Kunal Patil)(PTI08_05_2022_000112A)

Mumbai: Reserve Bank of India Governor Shaktikanta Das arrives to address a press conference in Mumbai, Friday, Aug. 5, 2022. (PTI Photo/Kunal Patil)(PTI08_05_2022_000112A)