Explained: Here's why RBI imposed Rs 30 lakh fine on Karur Vysya Bank
, the central bank carried out a Select Scope Inspection (SSI) on Karur Vysya Bank from February 21, 2022, to March 4, 2022.
Source: dnaindia.com
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RBI imposes Rs 30 lakh penalty on Karur Vysya Bank- The New Indian Express
An examination of the SSI report and all related correspondence pertaining to the same revealed that the bank failed to report a few accounts as frauds to the RBI.
Source: newindianexpress.com
Latest News | RBI Imposes Rs 30 Lakh Penalty on Karur Vysya Bank
Get latest articles and stories on Latest News at LatestLY. The RBI on Friday said it has imposed a penalty of Rs 30 lakh on Karur Vysya Bank for non-compliance with certain provisions related to fraud classification and reporting by commercial banks. Latest News | RBI Imposes Rs 30 Lakh Penalty on Karur Vysya Bank.
Source: latestly.com