The penalty on Janalaxmi Co-operative Bank has been imposed for non-compliance with directions issued by RBI on #39;Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks’ and #39;Membership of Credit Information Companies (CICs)’.RBI imposes Rs 50.35 lakh penalty on Nashik-based Janalaxmi Co-operative Bank
The penalty on Janalaxmi Co-operative Bank has been imposed for non-compliance with directions issued by RBI on #39;Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks’ and #39;Membership of Credit Information Companies (CICs)’.
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