On 28/09/2011, RBI, has impoased a monetary penalty of Rs1lac on The Mansa Nagarik Sahakari Bank Ltd., Gujarat.
The Press release can be accessed @ http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=25146
The monetary penalty has been imposed for violation of Reserve Bank India’s instructions on submission of Cash Transaction Reports (CTRs) in respect of cash transaction above ` 10.00 lakh to Financial Intelligence Unit-India (FIU-IND), New Delhi under the Anti Money Laundering (AML) guidelines.
Both are 1020 kms away. So, folks differentiate between the two’s Mansa’s.
Mansa, Gujarat was a princely state and got merged into the Indian Union in 1948.