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The Reserve Bank of India has imposed a penalty of Rs 5 crore on Citibank, Rs 4.34 crore on Bank of Baroda, and Rs 1 crore on Indian Overseas Bank
The central bank imposed a penalty of Rs 5 crore on Citibank, Rs 4.34 crore on Bank of Baroda, and Rs 1 crore on Indian Overseas Bank, it said in different press releases.
The penalties, amounting to crores of rupees, were imposed following an assessment of the banks' adherence to RBI guidelines and directives, , reserve bank of india, rbi intervention
Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance with certain directions of the central bank. Business News | RBI Imposes Monetary Penalty on Indian Overseas Bank.
The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance with certain directions of the central bank.