Mumbai (Maharashtra) [India], December 28 (ANI): The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 50,000 on Gujarat-based Panchsheel Mercantile Co-operative Bank in Surat for non-compliance with the directions issued by it on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. The … Continue reading RBI imposes monetary penalty on three co-operative banks in Gujarat