News Kolhapur District Central Co-operative Bank Penalised

Kolhapur District Central Co-operative Bank Penalised

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Kolhapur District Central Co-operative Bank Penalised

Mumbai, Jul 8 : The Reserve Bank of India has imposed a monetary penalty of Rs five lakh only on Kolhapur District Central Co-operative Bank Ltd, Kolhapur, Maharashtra in exercise of powers vested in it under the provisions of Section 46 read with Section 47A of the Banking Regulation Act, 1949 (AACS) for violating guidelines issued by the Reserve Bank on Know Your Customers (KYC) norms / anti ...

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