Connexionblog
Sunday, October 1, 2023
  • About Us
  • Home
No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
No Result
View All Result
Connexionblog
No Result
View All Result
Home Bussiness

RBI imposed a fine of Rs 84.50 lakh on Central Bank of India, a mistake cost heavily

by Ananya Dewan
May 26, 2023
in Bussiness
0
Moneycontrol
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Taking strict action, the Reserve Bank of India (RBI) has imposed a heavy penalty on the state-owned bank Central Bank of India. A fine of Rs 84.50 lakh has been imposed on the Central Bank of India by the RBI. This penalty has been imposed on the bank by the RBI for non-compliance of certain provisions.

Because of this RBI imposed penalty

Releasing an information from the Reserve Bank of India (RBI), it has been said that due to non-compliance of the rules related to the transaction, this fine has been imposed on the Central Bank of India by the RBI. However, this decision will not have any adverse effect on the customers. The services provided by the bank to the customers will continue as before.

Fine was imposed on 25 May

On account of non-adherence to certain guidelines laid down by the Reserve Bank of India (RBI) in the Reserve Bank of India (Fraud Classification and Reporting by Commercial Banks and Select Financial Institutions) Directions, 2016 dated May 25 and the ‘Master Circular’, the Central Bank of India has been fined. RBI has taken this action after examining the risk assessment report and inspection report of the bank. The RBI observed that the instructions given by the Central Bank of India were not followed.

RBI also imposed penalty on Canara Bank

Let us tell you that last week, RBI had also imposed a fine of Rs 2 crore on Canara Bank. At the same time, during the last 24 hours, RBI has imposed fine on four co-operative banks including one government. A total fine of Rs 44 lakh was imposed on the co-operative bank by the RBI. Chennai-based Tamil Nadu State Co-operative Bank has been fined Rs 16 lakh. Apart from this, fine has also been imposed on Bombay Mercantile Co-operative Bank, Pune-based Janata Sahakari Bank and Baran Nagrik Sahakari Bank in Baran, Rajasthan.


<

ShareTweetPin

Related Posts

App Install Banner
Bussiness

Indian agency will decide the safety rating of cars from today. Crash test of cars will start in Bharat NCAP, 30 models registered so far

October 1, 2023
Moneycontrol - Hindi Business News
Bussiness

If you have forgotten any FD then find out like this

September 30, 2023
Moneycontrol - Hindi Business News
Bussiness

AM Naik resigns from the post of Chairman of L&T Group, resignation handed over to SN Subramanian

September 30, 2023
Moneycontrol - Hindi Business News
Bussiness

There is going to be a tremendous rise in pharma shares

September 30, 2023
Moneycontrol - Hindi Business News
Bussiness

Why did Ranbir Kapoor charge half the fee for ‘Animal’? This big reason came to light

September 30, 2023
Moneycontrol - Hindi Business News
Bussiness

Employee stole painting by copying it from museum, bought Rolls Royce car with the money found

September 30, 2023
Next Post
MS Dhoni Argument With Field Umpires Qualifier 1 IPL 2023 Daryl Harper Criticized CSK Captain |  MS Dhoni surrounded for arguing with field umpires in Qualifier 1, got this charge!

MS Dhoni Argument With Field Umpires Qualifier 1 IPL 2023 Daryl Harper Criticized CSK Captain | MS Dhoni surrounded for arguing with field umpires in Qualifier 1, got this charge!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Connexionblog 2023. All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology

© Connexionblog 2023. All Rights Reserved.