RBI penalizes two co-op banks including Manipur State Co-operative Bank
Imphal, 29 Aug 2024 : The Reserve Bank of India (RBI) has levied penalties on Manipur State Co-operative Bank and Urban Co-operative Bank, Cuttack, ‘for violations of banking regulations’. On August 22, 2024, The Manipur State Co-operative Bank Ltd. was fined Rs 2 lakh for contravening provisions of the Banking Regulation Act, 1949, and the…
