RBI slaps penalty on Shri Kanyaka Nagari Sahakari Bank, Chandrapur
Shortpedia
Content Team
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The Reserve Bank of India on Wednesday imposed a monetary penalty of Rs 10.50 lakh on Shri Kanyaka Nagari Sahakari Bank Ltd, Chandrapur, for contravention of norms, including on fresh loans to the real estate sector. Further, the bank delayed the reporting of frauds on many occasions, and also granted director-related loans in contravention of/ non-compliance of directions.
