Case Brief
By orders dated January 29, 2021, the Reserve Bank of India imposed monetary penalties on Konnagar Samabaya Bank Limited and The Santragachi Co-operative Bank Limited. The basis stated in the release is contravention of / non-compliance with RBI directions on 'Exposure Norms and Statutory/Other Restrictions-UCBs'. The excerpt identifies two co-operative banks as the affected entities but does not include the specific penalty amounts in the provided text.
Action Snapshot
- Primary Impact
- Monetary penalty
- Entity Type
- Co-operative bank
- Action Type
- Monetary penalty
- Order Date