RBI imposes monetary penalty on The Patiala Central Co-operative Bank Ltd., Patiala, Punjab

News Financial services Sanctions & Fines

Date: 2nd Dec, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On December 02, 2024, the Reserve Bank of India issued an update regarding RBI imposes monetary penalty on The Patiala Central Co-operative Bank Ltd., Patiala, Punjab. A monetary penalty of ₹5 lakh was imposed for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949."

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Reserve Bank of India

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RBI imposes monetary penalty on The Patiala Central Co-operative Bank Ltd., Patiala, Punjab

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RBI imposes monetary penalty on The Patiala Central Co-operative Bank Ltd., Patiala, Punjab

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Reserve Bank of India

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