RBI fines Citizen Co-operative Bank ₹50K for failure to classify NPAs
Source: Reserve Bank of India · Press Release prid 63240 · ~1 min read
RBI imposed a ₹50,000 penalty on The Citizen Co-operative Bank Limited, Bangalore, for failing to classify certain loan accounts as NPAs, violating income recognition and asset classification norms for UCBs.
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Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63240 — summary by BankPulse (bankpulse.ai).
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