RBI imposes monetary penalty on The Lunawada Nagrik Sahakari Bank Limited, Lunawada, Gujarat

News Financial services Sanctions & Fines

Date: 25th Nov, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On November 25, 2024, the Reserve Bank of India issued an update regarding RBI imposes monetary penalty on The Lunawada Nagrik Sahakari Bank Limited, Lunawada, Gujarat. A monetary penalty of â‚¹2.10 Lakh was imposed for non-compliance with certain directions on membership of Credit Information Companies (CICs), area of operation, and Know Your Customer (KYC) policies."

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RBI imposes monetary penalty on The Lunawada Nagrik Sahakari Bank Limited, Lunawada, Gujarat

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RBI imposes monetary penalty on The Lunawada Nagrik Sahakari Bank Limited, Lunawada, Gujarat

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Reserve Bank of India

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