RBI fines Bilaspur Nagrik Sahakari Bank ₹2.5 lakh for violating norms

The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of ₹2.5 lakh on Bilaspur Nagrik Sahakari Bank for violation of certain directives issued by it. As per RBI, the bank had not adhered to the prudential inter-bank (gross) exposure limit, among other violations. Last month, RBI fined Bank of Maharashtra ₹1.12 crore for non-compliance.