RBI imposes Rs 75,000 penalty on Jila Sahakari Kendriya Bank Maryadit in MP's Shahdol for violating rules

New Delhi [India], January 29 (ANI): The Reserve Bank of India (RBl) has, by an order dated January 8, imposed a penalty of Rs 75,000 on Jila Sahakari Kendriya Bank Maryadit in Madhya Pradesh's Shahdol for contravention of the provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) read with the 'Depositor Education and Awareness Fund Scheme, 2014' (the Scheme).

The RBI in an official s