A Study of Penalties Levied on Various Banks Operating in Co-Operative Sector by Reserve Bank of India

Author(s)	Gunjan Milind Chaudhari
Country	India
Abstract	This study contains analysis of various reasons of penalties levied by Reserve Bank of India on various banks operating in Co-operative sector in India. The analysis is based on unique data base of 100 financial penalties imposed during January 2023 to Aug. 2023 on almost 100 banks operating like PSU banks Small banks, Private Sector Banks or Co-operative banks. It is evident from the data that how co-operative banking institutions neglected required due diligence on various statutory or regulatory guidelines and attracted penalties from RBIs. We also demonstrate the various reasons behind the imposition of penalties to the co-operative banking sector.
Keywords	Penalties, RBI
Published In	Volume 6, Issue 1, January-February 2024
Published On	2024-01-18
Cite This	A Study of Penalties Levied on Various Banks Operating in Co-Operative Sector by Reserve Bank of India - Gunjan Milind Chaudhari - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.12137
DOI	https://doi.org/10.36948/ijfmr.2024.v06i01.12137
Short DOI	https://doi.org/gtfmr8

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