RBI imposes monetary penalty on Bettiah-based Cooperative Bank

Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed Rs 2 lakh monetary penalty on Bettiah (Bihar)-based National Central Cooperative Bank Limited for non-compliance with directions related to KYC and depositor education and awareness fund.

The Reserve Bank of India (RBI) said in a statement that it has imposed, by an order dated July 8, 2022, a monetary penalty of Rs