RBI imposes monetary penalty on The Periyakulam Co-operative Urban Bank Ltd., Tamil Nadu

News Financial services Sanctions & Fines

Date: 28th Nov, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On November 28, 2024, the Reserve Bank of India issued an update regarding RBI imposes monetary penalty on The Periyakulam Co-operative Urban Bank Ltd., Tamil Nadu. A monetary penalty of â‚¹2,00,000 was imposed on the bank for non-compliance with specific directions issued under â€˜Supervisory Action Framework (SAF)â€™ and certain other RBI directions."

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RBI imposes monetary penalty on The Periyakulam Co-operative Urban Bank Ltd., Tamil Nadu

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RBI imposes monetary penalty on The Periyakulam Co-operative Urban Bank Ltd., Tamil Nadu

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Reserve Bank of India

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