RBI imposes penalty totalling Rs 15 lakh on two co-operative banks

​​ A penalty of Rs 10 lakh has been imposed on Millath Co-operative Bank for "non-adherence/violation of all inclusive directions and other directions imposed on the bank", the Reserve Bank of India (RBI) said in a statement.

from Banking/Finance-Industry-Economic Times https://ift.tt/3kZami2