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RBI imposes Rs 30 lakh penalty on Pune-based Janata Sahakari Bank

RBI imposes Rs 30 lakh penalty on Pune-based Janata Sahakari Bank
The Reserve Bank of India (RBI) has imposed a penalty of Rs 30 lakh on Janata Sahakari Bank Ltd, Pune for non-compliance with certain directions. The penalty has been imposed for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF) and RBI directions on 'Frauds in UCBs: Changes in Monitoring and Reporting mechanism'.

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