RBI imposes Rs 50.35 lakh penalty on Nashik-based Janalaxmi Co-operative Bank

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) Co-operative Banks' and 'Membership of Credit Information Companies (CICs)'.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TOUtlP