Further, the bank delayed the reporting of frauds on many occasions, and also granted director-related loans in contravention of/ non-compliance of directions. A show cause notice was issued to it.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-slaps-rs-10-5-lakh-penalty-on-shri-kanyaka-nagari-sahakari-bank-chandrapur/articleshow/87763809.cms
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