The Reserve Bank of India (RBI) has imposed a monetary penalty of rupees 6 lakhs on 4 Co-operative Banks of Gujarat and West Bengal for non-Compliance with regulatory directions. The co-operative banks are: Santragachi Co-operative Bank Ltd., West Bengal, Vidyasagar Central Co-operative Bank Limited, Midnapore, West Bengal, Karnavati Co-operative Bank Ltd., Ahmedabad, Gujarat and Gandevi…
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