RBI imposes Rs 50.35 lakh penalty on Nashik-based Janalaxmi Co-operative Bank
Mumbai : Reserve Bank of India on Monday said it has imposed a penalty of Rs 50.35 lakh on Janalaxmi Co-operative Bank, Nashik for non-compliance with certain regulatory requirements. The penalty on Janalaxmi Co-operative Bank has been imposed for non-compliance with directions issued by RBI on ”Placement of Deposits with Other Banks by Primary (Urban) … Read more