RBI Penalises Adarsh Co-operative Bank Limited, Sirohi

            A monetary penalty of Rs5lacs was imposed on Adarsh Urban Co-operative Bank Limited, Sirohi, Reserve Bank of India.

The monetary penalty is for violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India.

Sirohi is a city in southern Rajasthan state in western India, and is the administrative headquarters of Sirohi District, and was formerly the capital of the princely state of the same name ruled by Deora Rajput. It is also known as Devnagari, due to a chain of 14 Jain temples.

Another major tourist attraction in Sirohi is Mt.Abu.

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