RBI imposes monetary penalty on The Karjan Nagarik Sahakari Bank Limited, Karjan, Dist. Vadodara, Gujarat

News Financial services Sanctions & Fines

Date: 21st Nov, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On November 21, 2024, the Reserve Bank of India issued an update regarding RBI imposes monetary penalty on The Karjan Nagarik Sahakari Bank Limited, Karjan, Dist. Vadodara, Gujarat". A monetary penalty of ₹2.10 lakh was imposed for contravention of provisions of sections 18 and 26A read with section 56 of the Banking Regulation Act, 1949 and non-compliance with RBI directions on 'Membership of Credit Information Companies (CICs) by Co-operative Banks'.

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Reserve Bank of India

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RBI imposes monetary penalty on The Karjan Nagarik Sahakari Bank Limited, Karjan, Dist. Vadodara, Gujarat

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RBI imposes monetary penalty on The Karjan Nagarik Sahakari Bank Limited, Karjan, Dist. Vadodara, Gujarat

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Reserve Bank of India

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