In a statement, the Reserve Bank said the bank had not complied with its directions on ensuring end-use of funds in borrowal accounts and classification of loans/ advances as non-performing assets, specific direction of RBI for ensuring that the bank's balance sheet and profit and loss account are signed by at least three of its directors.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-imposes-rs-90-lakh-penalty-on-vasai-vikas-sahakari-bank/articleshow/87283048.cms
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