RBI fines Navapur Mercantile Co-op Bank for non-cooperation
Source: Reserve Bank of India · Press Release prid 62963 · ~2 min read
RBI imposed a ₹10,000 penalty on Navapur Mercantile Co-operative Bank for failing to provide required information during inspection, violating BR Act provisions. The fine underscores RBI's zero-tolerance for non-compliance in cooperative banks.
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Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62963 — summary by BankPulse (bankpulse.ai).
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