Deficiencies in Regulatory Compliance: RBI imposes Penalty on Urban Co-operative Bank Ltd

By Navasree A.M - On June 12, 2023 4:47 pm - 2 mins read

Deficiencies in Regulatory Compliance - Regulatory Compliance - RBI imposes Penalty - RBI - Penalty - Urban Co-operative Bank Ltd - taxscan

The Reserve Bank of India (RBI) has imposed a penalty on the Urban Co-operative Bank Ltd on grounds of deficiencies in the regulatory compliance. The RBI, by an order dated May 29, 2023, imposed a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on Sawantwadi Urban Cooperative Bank Ltd. The Sawantwadi Urban Cooperative Bank…

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