RBI imposes monetary penalty on Central Bank of India
The RBI issued the penalty order on 18th April 2022.
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The RBI issued the penalty order on 18th April 2022.
The Reserve Bank of India has imposed, by an order dated December 23, 2021, a monetary penalty of Rs 30 Lakh on MUFG Bank for non-compliance with the directions issued by RBI on “Loans and Advances – Statutory and Other Restrictions”.
After considering the bank’s reply to the notice, oral submissions made during the personal hearing, and additional submissions made by the bank.
RBI has imposed Rs.1.8 crore monetary penalty on Punjab National Bank (PNB).
The Reserve Bank of India (RBI) on Wednesday imposed Rs.1.8 crore monetary penalty on Punjab National Bank (PNB) for 'deficiencies in regulatory compliance'.