RBI imposes monetary penalty on The Mansa Nagarik Sahakari Bank Ltd., Dist. Gandhinagar, Gujarat

News Financial services Sanctions & Fines

Date: 18th Nov, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On November 18, 2024, the Reserve Bank of India issued an update regarding RBI imposes monetary penalty on The Mansa Nagarik Sahakari Bank Ltd., Dist. Gandhinagar, Gujarat. A monetary penalty of ₹50,000 was imposed for non-compliance with certain directions on 'Interest Rate on Deposits'. This penalty is based on deficiencies in regulatory compliance and does not affect any transaction or agreement entered into by the bank with its customers."

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Reserve Bank of India

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RBI imposes monetary penalty on The Mansa Nagarik Sahakari Bank Ltd., Dist. Gandhinagar, Gujarat

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RBI imposes monetary penalty on The Mansa Nagarik Sahakari Bank Ltd., Dist. Gandhinagar, Gujarat

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Reserve Bank of India

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