RBI imposes monetary penalty of Rs 1.50 lakh on Bhuj Commercial Co-operative Bank
Mumbai (Maharashtra) [India], January 4 (ANI): The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 1.50 lakh on the Bhuj Commercial Co-operative Bank, which is situated in Kachchh, Gujarat.
RBI said that by an order dated December 8, 2023, a penalty was imposed on the bank for non-compliance with the directions issued by them on 'Know Your Customer (KYC) Direction, 2016' and 'Rese