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RBI rate hike fails to stem rupee slide as oil surge pressures India
Valor Econômico·IN · US·3 days ago
RBI imposed a ₹5 lakh penalty on The Monghyr-Jamui Central Co-operative Bank for non-compliance with KYC directions, based on a NABARD statutory inspection. The action is routine regulatory enforcement, not indicative of systemic stress. It underscores ongoing supervisory scrutiny of smaller cooperative banks in India.
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