Abhyudaya Co-operative Bank Ltd

Bank in India

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2020 Reserve Bank of India (RBI) imposed a penalty of Rs 58 lakh on Abhyudaya Co-operative Bank for non-compliance with regulatory norms during the 2020-21 financial year.
2020 The bank experienced a significant financial decline, with profits decreasing by over 12 crore and both Gross and Net Non-Performing Asset (NPA) levels increasing during the 2020-21 financial year.

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See Also

Foreign exchange market

Global decentralized trading of international currencies

Cooperative banking

Type of retail or commercial bank organized cooperatively

Reserve Bank of India

Central Bank of India