WebApr 10, 2024 · RBI conducted scrutiny of the Indian Bank in July 2024 based on a high-value fraud reported by the bank. A penalty of Rs 10.50 lakh has been imposed on Muthoot Money Limited, Ernakulam. Penalty of Rs 10.50 lakh has been imposed for non-compliance with provisions of the ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’. WebJul 7, 2024 · Share. MUMBAI: The Reserve Bank of India (RBI) on Wednesday said it has imposed penalties on SBI, Bank of Baroda, IndusInd Bank, Bandhan Bank and 10 other …
RBI imposes Rs 2 crore penalty on SBI - GKToday
WebJul 8, 2024 · New Delhi: The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda … WebApr 24, 2024 · PTI / Apr 25, 2024, 19:01 IST. Share. AA. Mumbai, Apr 25 (PTI) Reserve Bank of India (RBI) has imposed a penalty of Rs 1.12 crore on Bank of Maharashtra for non-compliance with certain directions ... marcatory
RBI imposes penalty on 14 banks for contravention of various norms
Web2 days ago · The RBI has invited comments from the stakeholders by May 15. The quantum of penal charges shall be proportional to the defaults or non-compliance of material terms … WebJul 15, 2024 · The Reserve Bank of India Monday said it has slapped a penalty of Rs 7 crore on the country's largest bank SBI for non-compliance with norms related to NPA identification and fraud risk management, among others. The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms, … WebMar 17, 2024 · SBI: RBI slapped a monetary penalty of Rs 2 crore on State Bank of India based on deficiencies in regulatory compliance. “The action is not intended to pronounce … marcator piese