The Reserve Bank of India (RBI) has imposed business restrictions on Karwar Urban Co-operative Bank and Amanath Co-operative Bank due to material supervisory concerns. Additionally, the RBI has penalized four banks for failing to comply with regulatory requirements. Among these, Sonali Bank PLC has been subjected to a monetary penalty. Furthermore, on Friday, June 14, the Central Bank of India was fined Rs 1.45 crore for non-compliance with certain RBI directions.
RBI imposes monetary penalty on THIS bank? Do you have account in it? https://t.co/o9rSNFlPCy
The Reserve Bank of India (#RBI) on Friday, June 14, imposed a penalty of Rs 1.45 crore on #CentralBankofIndia for non-compliance with certain RBI norms #Business #Finance #Penalty https://t.co/eQtbn6Np0B https://t.co/xq5I5PAQXP
STORY | RBI imposes Rs 1.45 cr penalty on Central Bank of India READ: https://t.co/tDXEAdKjKb https://t.co/ODEeZgUSja
🚨 @RBI imposes a monetary penalty of Rs 1.45 crore on Central Bank of India for non-compliance with certain directions. Here's more on it 👇 https://t.co/uU9mqFUoRy #CentralBankOfIndia #Banking #RBI
⚠️ RBI: IMPOSES MONETARY PENALTY ON SONALI BANK PLC
'Failed to comply on...' - RBI penalises FOUR banks - List https://t.co/hxzwXgM3vb
🚨 @RBI imposes business restrictions on Karwar Urban Co-operative Bank and Amanath Co-operative Bank, citing material supervisory concerns. Here's more on it 👇 https://t.co/sl0vSQBKKQ #RBI #Banking #Banks