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RBI imposes monetary penalty of Rs 5 lakh on Sankheda Nagarik Sahakari Bank
The central bank said that in its statutory inspection of the bank with reference to its financial position as of March 31, 2022.
RBI issues guidelines for appointment of statutory auditors of banks, NBFCs
However, non-deposit taking NBFCs with asset size below Rs 1,000 crore have the option to continue with their extant procedure.
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