RBI imposed a fine of Rs 79 lakh on another cooperative bank, know why the penalty was imposed
New Delhi, 27/9: The Reserve Bank of India (RBI) has imposed a fine of Rs 79 lakh on Apna Sahakari Bank, Mumbai. Penalty action has been taken on Apna Sahakari Bank for non-compliance of certain instructions including Non-Performing Assets (NPA) classification. RBI said that the statutory inspection of the bank reveals that it has levied…
