A penalty of Rs 5 lakh has been imposed on Jowai Co-operative Urban Bank Limited. The RBI has also imposed penalty of Rs 2 lakh each on The Krishnanagar City Co-operative Bank Limited and The Tura Urban Cooperative Bank Limited for similar contraventions.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-slaps-rs-10-lakh-penalty-on-four-co-operative-banks-for-issues-in-regulatory-compliance/articleshow/77530683.cms
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