RBI fines Bombay Mercantile Co-operative Bank Ltd and two others
Mumbai, Feb 27 (UNI) The Reserve Bank of India (RBI) on Thursday imposed a monetary penalty of Rs 33.30 lakh on Bombay Mercantile Co-operative Bank Ltd., Mumbai for contravention of the provisions and earning income from business not permissible under the Banking Regulation Act. The statutory inspection of the bank was conducted by RBI with…
