The Federal Reserve Bank on Tues aforementioned it's obligatory penalties on four co-operative banks, as well as a Rs 112.50 large integer fine on Hyderabad-based Andhra Pradesh Mahesh Co-operative Urban Bank, for resistance of sure regulative directions. A penalty of Rs sixty two.50 large integer has been obligatory on The Ahmedabad Mercantile Co-operative Bank, Ahmedabad; Rs thirty seven.50 large integer on SVC Co-operative Bank, Mumbai; and Rs twenty five large integer on Saraswat Cooperative Bank, Mumbai. The penalty on Andhra Pradesh Mahesh Co-operative Urban Bank was for non-compliance with directions issued by tally contained in Master Directions on 'Interest Rate on Deposits' and 'Know Your Customer'. The Ahmedabad Mercantile Co-operative Bank has been fined for violation of norms contained in Master Directions on 'Interest Rate on Deposits'. As per the tally, it obligatory penalty on SVC Co-operative Bank for non-compliance with directions on '