INSUBCONTINENT EXCLUSIVE:
on the deficiencies in regulatory compliance and will not affect the customer-related activities of any of these banks, such as the validity
The RBI imposed a penalty of Rs 50 lakh on the State Bank of India - the country's largest lender, and Rs 2 crore on Bank of Baroda.A
penalty of Rs 1 crore penalty has been imposed each on Bank of Maharashtra, Bandhan Bank, Credit Suisse AG, Central Bank of India, IndusInd
Small Finance Bank.Here's the full list by RBI along with the amount of monetary penalty imposed on each of the banks:RBI imposes penalty
on 14 banksPhoto Credit: Reserve Bank of IndiaThe central bank said that the scrutiny in the accounts of the "companies of a group" was
