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RBI fines Bilaspur Nagrik Sahakari Bank ₹2.5 lakh for violating norms
short by Ananya Goyal / on Monday, 23 May, 2022
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.
read more at Moneycontrol