RBI imposes monetary penalty on Sree Chaitanya Co-operative Bank for non-compliance
Mumbai (Maharashtra) [India], December 28 (ANI): The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 5,000 on West Bengal-based Sree Chaitanya Co-operative Bank in Nabadwip city for not complying with the directions issued by it on 'Membership of Credit Information Companies (CICs)'.
The central bank said that this penalty has been imposed in the exercise of powers conferred on RB