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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