Wed. Jan 26th, 2022

RBI (Reserve Bank of India) has imposed 1 lakh penalty on Priyadarshini Mahila Nagari Sahakari Bank of Maharashtra because of violation of some rules and directions under the Supervisory Action Framework.

The inspection report of the bank based on its financial position as on March 31, 2019, revealed, inter alia, non-adherence/ violation of specific directions issued to the bank by the RBI under SAF, the central bank said in a release.


Later on a notice was issued to the back and questioned the bank that why the penalty should not be imposed for non-compliance with the directions.

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By Pooja Singh

Myself Pooja Singh, I have done master's in Mass Communication & Journalism from Tezpur University. I am working here as a content writer. Being a media student I have nose for news. I am always keen and eager to learn new things so that my skills can be enhanced. I love to write about entertainment, politics, environment etc. so I turned my passion to profession.

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