RBI imposes Rs 15 lakh penalty on Baghat Urban Co-operative Bank, Solan

The RBI said inspection report of The Baghat Urban Co-operative Bank revealed non-adherence with/violation of directions, including non-identification of NPAs, wrong classification of assets, inadequate provisions made due to wrong classification of assets and non-adherence to exposure norms for housing, real estate and CRE.

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