Rbi Imposes Monetary Penalty On Central Bank Of India. Details Here | Mint - Mint

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, RBI said in a statement.

The Reserve Bank of India (RBI) has imposed a monetary penalty of 36 lakh on the government-owned Central Bank of India for non-compliance with certain directions issued by the central bank. The ban… [+1633 chars]

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