The Reserve Bank of India (RBI) has imposed, by an order dated June 7, 2022, a monetary penalty of Rs 2.00 lakh on Urban Co-operative Bank Ltd., Budaun for contravention of sub-section (1) of Section 36 and Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the RBI said in a statement.from Banking/Finance-Industry-Economic Times https://ift.tt/5RlShXu
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