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of <h1>RBI Fines Janata Urban Co-operative Bank Rs. 5 Lakh for Violating Directives on Unsecured Loans, Real Estate Exposure, and More.</h1> The Reserve Bank of India (RBI) has fined Janata Urban Co-operative Bank Ltd, Wai, Satara, Rs. 5 lakh for breaching RBI directives. Violations included granting unsecured advances, loans to firms linked to directors, and improper exposure to real estate sectors. The bank also created floating charges on standard assets without RBI approval and failed to categorize customer risk. After issuing a show cause notice and reviewing the bank's response, the RBI confirmed the violations and imposed the penalty.
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