In a statement, the RBI said the inspection report of the bank based on its financial position as on March 31, 2019 revealed non-adherence/violation of specific directions issued to it under the Supervisory Action Framework (SAF).source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-slaps-rs-20-lakh-penalty-on-ne-ec-railway-employees-multi-state-primary-co-op-bank/articleshow/85562523.cms
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