RBI imposes monetary penalty on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat

News Financial services Sanctions & Fines

Date: 14th Nov, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On 14/11/2024, the Reserve Bank of India issued an update regarding RBI imposes monetary penalty on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat. The RBI imposed a monetary penalty of ₹ 1.00 lakh (Rupees One lakh only) on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat for non-compliance with directions on Priority Sector Lending and Micro and Small Enterprises Refinance Fund due to a shortfall in achieving the Priority Sector Lending target."

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Reserve Bank of India

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RBI imposes monetary penalty on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat

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RBI imposes monetary penalty on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat

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Reserve Bank of India

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