RBI imposes penalty on Mula Sahakari Bank Limited in Maharashtra's Ahmednagar for non-compliance of direction

Ahmednagar (Maharashtra) [India], January 29 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 50,000 on Mula Sahakari Bank Limited, Sonai, district Ahmednagar, Maharashtra for non-compliance with the directions issued by the RBI.

"The Reserve Bank of India (RBl) has, by an order dated January 8, 2024, imposed a monetary penalty of RS 50,000/- (Rupees fifty thousand only) for non-compliance with the direc