RBI imposes fine over Rs 50 lakh on Janalaxmi Co-operative Bank for non-compliance
Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs 50.35 lakh on Janalaxmi Co-operative Bank, Nashik for non-compliance with certain regulatory requirements. The penalty on Janalaxmi Co-operative Bank has been imposed for non-compliance with directions issued by RBI on ‘Placement of…