Rbi Imposes ₹1.12 Cr Penalty On Bank Of Maharashtra | Mint - Mint

The RBI said the penalty 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

The Reserve Bank of India (RBI) has imposed a monetary penalty of 1.12 crore on the government-owned Bank of Maharashtra for non-compliance with certain directions issued by the central bank, includi… [+2066 chars]

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