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GUJARAT'S PREMIUM DIGITAL MAGAZINE
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Gujarat News

The Reserve Bank has imposed a fine of Rs 1 crore on Gujarat-based Mehsana Urban Co-operative Bank for violating its guidelines by granting advances to directors and their relatives. The Reserve Bank of India has imposed a monetary penalty of Rs 1 crore on Mehsana Urban Co-operative Bank Limited, Mehsana (Gujarat), the RBI said in a notification.