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Wednesday 30 October 2019

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Bandhan Bank fined Rs 1 crore by Reserve Bank

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The RBI has again imposed a Rs 1-crore penalty on Bandhan Bank for non-dilution of promoter holding in line with the central bank’s prescriptions. The RBI on Tuesday also imposed a Rs 1-crore penalty on Pune’s Janata Sahakari Bank, and Jalgaon Peoples Co-Operative Bank for not following RBI norms on recognising bad loans.

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