RBI penalises three Maharashtra-based co-operative banks

The penalty on Excellent Co-operative Bank was imposed for contravention of the directions issued by RBI on 'Maintenance of Deposit Accounts' and 'Know Your Customer (KYC)'. Janseva Sahakari Bank was fined for contravention of the direction issued by on KYC.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-penalises-three-maharashtra-based-co-operative-banks/articleshow/83799764.cms