The RBI said inspection report of The Baghat Urban Co-operative Bank revealed non-adherence with/violation of directions, including non-identification of NPAs, wrong classification of assets, inadequate provisions made due to wrong classification of assets and non-adherence to exposure norms for housing, real estate and CRE.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-imposes-rs-15-lakh-penalty-on-baghat-urban-co-operative-bank-solan/articleshow/85626376.cms
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