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Baghat bank penalised

Tribune News Service

Updated At : 01:20 PM Mar 31, 2022 IST

Chandigarh, March 30

The RBI has imposed a penalty of Rs 3 lakh on The Baghat Urban Co-operative Bank, Solan, for deficiencies in regulatory compliance. The RBI, however, maintained that the penalties were not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. —

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Baghat bank penalised

Tribune News Service

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