Zoroastrian Co-operative Bank receives Rs 1.25 crore fine from RBI
29 Nov 2022
Zoroastrian Co-operative Bank, Bombay, has been fined Rs. 1.25 crore by the Reserve Bank of India (RBI) for failing to follow their instructions about "Discounting of Bills by UCBs -- Restricted Letters of Credit" and the Co-operative Banks Rules, 1985. The central bank declared in a statement issued on Monday...
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