The Reserve Bank of India on Wednesday has imposed penalty of Rupees one lakh on Mehsana Urban Co-operative Bank Ltd., Mehsana for violation of Reserve Bank of India directives/guidelines relating to admission of co-operative societies as nominal members in violation of provisions, bank's exposure to real estate beyond the permissible limit, violation of Know Your Customer (KYC) norms and violation in respect of waiving of interest on a director related advance. Information to this effect was made through RBI official statement on Wednesday.
ABC Live
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment