Saraswat Co-operative Bank Ltd

Indian banking institution

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September 2023 Received a Rs. 23 Lakh penalty from RBI for contravening banking regulations regarding loans and advances to directors and their related entities.
June 2021 Imposed a monetary penalty of Rs. 25 Lakh by RBI for non-compliance with directions on 'Interest Rate on Deposits' and 'Maintenance of Deposit Accounts'.
2020 Ranked second-best bank in India by Forbes' The World's Best Banks 2020 survey.
May 2020 Received a monetary penalty of Rs. 30 Lakh from Reserve Bank of India for violation of asset classification norms.
2013 Launched RuPay EMV Debit Card, becoming the first bank to achieve this milestone alongside Bank of Baroda.
2011 Granted permission for All India Area of Operation by the Reserve Bank of India.

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