A penalty of Rs 62.50 lakh has been imposed on The Ahmedabad Mercantile Co-operative Bank, Ahmedabad; Rs 37.50 lakh on SVC Co-operative Bank, Mumbai; and Rs 25 lakh on Saraswat Cooperative Bank, Mumbai.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-imposes-penalties-on-4-cooperative-banks/articleshow/83962457.cms
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