reporting – INFC E Paper

RBI said that 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.

RBI imposes ₹84.50 lakh penalty on Central Bank of India for non-compliance

The RBI on Friday said it has imposed a penalty of ₹84.50 lakh on Central Bank of India (the bank) for non-compliance with certain provisions…

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