Reserve Bank of India, has imposed a monetary penalty of Rs1lac on Uma Co-operative Bank Ltd.,
The penalty was imposed for non adherence to KYC (Know Your Customer) norms.
The Press release can be accessed @
Uma Co-operative Bank Ltd., Vadodara (Gujarat), has 5 branches and all the branches are situated in Vadodara district, Gujarat.
The bank branches are situated at Nizampura, Subhanpura, Ranoli, Makarpura, Pratap Nagar
Subhanpura is situated in the west side of the Vadodara. Over the years the small village got merged into Vadodara. The main attractions of subhanpura are the nearby Gujarat refinery and IPCL.
Markapura is famous for the Gaekwad Palace, built in 1870, and at present is used as a training school of Indian Air Force.