Wednesday, November 17, 2021

RBI slaps Rs 10.5 lakh penalty on Shri Kanyaka Nagari Sahakari Bank, Chandrapur

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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