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The RBI in February had prohibited New India, based in Mumbai, from issuing fresh loans and suspended deposit withdrawals for six months
Bank of India suffers Rs 5 cr fine, Karnataka, Saraswat hit with Rs 1.2 cr and Rs 30 lakh penalty
The two leading urban co-operative banks (UCBs) - with over 100 years of history each - will be the first to seek the central bank's nod after the revisit of regulations pertaining to the sector
Prevailing drought situation has been a major problem causing shortage of water across the country
