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RBI imposes monetary penalty on The Karad Urban Co-operative Bank Ltd

RBI imposes monetary penalty on The Karad Urban Co-operative Bank Ltd

Dec 02, 2020, at 08:50 pm

Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd for contravention of certain directions issued by RBI under the Supervisory Action Framework.