![RBI Penalties: Standard Chartered Bank, Credit Bureaus & Cooperative Banks Mahalaxmi Cooperative Bank permit cancellation](https://edunovations.com/currentaffairs/wp-content/uploads/2023/06/RBI-penalties-on-Standard-Chartered-Bank-600x400.jpg)
RBI Penalties: Standard Chartered Bank, Credit Bureaus & Cooperative Banks
RBI Imposes Penalties on Standard Chartered Bank and Credit Bureaus, Penalizes Cooperative Banks as Well The Reserve Bank of India (RBI) recently took stringent actions against Standard Chartered Bank and credit bureaus for non-compliance with regulatory guidelines. In addition, several cooperative banks also faced penalties for various violations. These developments have significant implications for students…