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The Reserve Bank of India (RBI) on April 29 said it has imposed monetary penalty two co-operative banks viz., The Central Co-operative Bank and The Vaish Co-operative Adarsh Bank, for rule violations.
The central bank imposed Rs 1 lakh penalty on The Vaish Co-operative Adarsh Bank, and Rs 2 lakh on The Central Co-operative Bank, it said in a press release.
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The Central Co-operative Bank was penalised for non-compliance with directions issued by the National Bank…
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