RBI Imposes Nearly Rs 3 Cr Fine On SBI, Canara Bank & City Union Bank
In a statement, the RBI said a penalty of Rs 2 crore has been imposed on the State Bank of India
Source: news18.com
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RBI Imposes Rs 2.2-crore Penalty on Indian Overseas Bank
The fine is imposed for contravention of the provisions of certain directions issued by RBI on 'Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts'
Source: news18.com
Latest News | RBI Imposes Rs 2.2-crore Penalty on Indian Overseas Bank
Get latest articles and stories on Latest News at LatestLY. Reserve Bank on Friday imposed a penalty of Rs 2.20 crore on state-owned Indian Overseas Bank (IOB) for non-compliance of income recognition and other deficiencies in regulatory compliance. Latest News | RBI Imposes Rs 2.2-crore Penalty on Indian Overseas Bank.
Source: latestly.com