RBI imposes penalty on 8 banks, got account in any of THESE?
The penalties imposed on these eight banks ranged from Rs 1 lakh to Rs 40 lakh. Furthermore, the RBI imposed a monetary penalty on Spandana Sphoorty Financial, an NBFC.
Aug 09, 2022, 12:40 PM IST
RBI slaps penalty on Central Bank of India; do customers need to worry?
The Central Bank of India allegedly limited the liability of customers in unauthorised electronic banking transactions.
Apr 22, 2022, 20:21 PM IST
RBI slaps Rs 1 crore penalty on State Bank of India; here's why
It also issued a notice to the lender, instructing it to show cause why a penalty should not be imposed on it for failing to comply with the stated directives.
Oct 18, 2021, 19:51 PM IST
RBI slaps Rs 10 crore penalty on HDFC Bank
An examination of documents in the matter of marketing and sale of third-party non-financial products to the bank`s customers, arising from a whistleblower complaint to RBI regarding irregularities in the auto loan portfolio of the bank, revealed, inter alia, contravention of the aforesaid provisions of the Act and the regulatory directions, it said.
May 28, 2021, 20:33 PM IST
RBI slaps Rs 1 crore fine on Indian Bank for violating cyber security norms
The contravention is with regard to RBI's directions on Frauds- Classification and Reporting by Commercial Banks.
Dec 11, 2018, 13:31 PM IST
