• Home
  • Punjab News
    • Chandigarh News
  • National
    • Himachal News
  • World
  • Entertainment
  • Health
  • Lifestyle
  • Sports
Tuesday, May 17, 2022
No Result
View All Result
News@punjabheadlines.com
Punjab News, Latest Punjab News Headlines & Live Updates
  • Home
  • Punjab News
    • Chandigarh News
  • National
    • Himachal News
  • World
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Home
  • Punjab News
    • Chandigarh News
  • National
    • Himachal News
  • World
  • Entertainment
  • Health
  • Lifestyle
  • Sports
No Result
View All Result
Punjab News, Latest Punjab News Headlines & Live Updates
Home Business

RBI imposes penalty on 14 banks for non-compliance of rules

by pheadlines
July 8, 2021
in Business, National
0
RBI imposes penalty on 14 banks for non-compliance of rules
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Reserve Bank of India has imposed monetary penalties on 14 banks including Bank of Baroda and State Bank of India (SBI) for non-compliance of rules.While Bank of Baroda has been fined two crore rupees, Bandhan Bank, Bank of Maharashtra, Central Bank of India, Credit Suisse, Indian Bank, IndusInd Bank, Karnataka Bank, Karur Vysya Bank, Punjab and Sind Bank, South Indian Bank, Jammu & Kashmir Bank and Utkarsh Small Finance Bank have been fine one crore rupees of penalty each. The SBI has been fined 50 lakh rupees.

In a press release, the RBI said the violations include non-compliance with certain provisions of directions issued by RBI on Lending to Non-Banking Financial Companies (NBFCs), Bank Finance to Non-Banking Financial Companies (NBFCs), and Loans and Advances – Statutory and Other Restrictions.RBI said, the 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 banks with their customers.

RBI further informed that it has issued notices to the said banks after scrutiny of accounts and the penalty was levied only after duly considering the extent the charges of non-compliance with RBI directions/contraventions of provisions of Banking Regulation Act, 1949

pheadlines

pheadlines

Archives

  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021

Categories

  • Business
  • Entertainment
  • Health
  • Himachal News
  • National
  • Punjab News
  • Sports
  • Uncategorized
  • World

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Category

  • Business
  • Entertainment
  • Health
  • Himachal News
  • National
  • Punjab News
  • Sports
  • Uncategorized
  • World

About Us

Punjab Headlines Provide Daily Latest news From Punjab, Himachal Pradesh, Chandigarh, Haryana, India..

© 2021 Punjab Headlines

No Result
View All Result
  • Home
  • World
  • National
  • Entertainment
  • Sports
  • Lifestyle
  • Health

© 2021 Punjab Headlines