RBI penalises The Coimbatore District Central Co-operative Bank Ltd., Tamil Nadu - Dated - 5-12-2013 - The Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees five lakh only) on The Coimbatore District Central Co-operative Bank Ltd., Tamil Nadu in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for non-adherence to Know Your Customers (KYC) n................................... - News
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