Latest Breaking News On - Bank finance to non - Page 2 : vimarsana.com

RBI penalises 14 banks for non-compliance of NBFC lending norms IANS 08 July 2021   These banks, including Bank of Baroda, were penalised for non-compliance with certain provisions of directions issued by the RBI on Lending to Non-Banking Financial Companies, Bank Finance to Non-Banking Financial Companies, Loans and Advances - Statutory and Other Restrictions, amongst other norms.   Overall, the penalties account for Rs 14.50 crore. Out of the total, Bank of Baroda was penalised with the highest amount - Rs 2 crore, and the State Bank of India the lowest amount - Rs 0.50 crore.   A scrutiny in the accounts of the companies of a group was carried out by the RBI and it was observed that the banks had failed to comply with provisions of one or more of the aforesaid directions issued by the RBI and or contravened provisions of the Banking Regulation Act, 1949.

Banking financial companiesBank finance to nonNon banking financial companiesBank financeState bankBanking regulation actவங்கி நிதி நிறுவனங்கள்அல்லாத வங்கி நிதி நிறுவனங்கள்வங்கி நிதிநிலை வங்கிவங்கி ஒழுங்குமுறை நாடகம்