RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations

Among others, the regulator has imposed a Rs 30 lakh penalty on The Jammu and Kashmir State Co-operative Bank Ltd; a fine of Rs 6 lakh on Mumbai-based The Pratap Co-operative Ltd and Rs 5 lakh each on LIC Housing Finance and The Mysore Merchants Co-operative Bank Ltd.

from Banking/Finance-Industry-Economic Times https://ift.tt/A5V9znc