Home Business RBI imposes monetary penalty worth Rs.3 Cr on IDBI bank

RBI imposes monetary penalty worth Rs.3 Cr on IDBI bank

By
Lucky Jain
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476
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(G.N.S) Dt. 12 Mumbai IDBI Bank today said the Reserve Bank of India has imposed a penalty of Rs 3 crore on the bank for non-compliance to the Income Recognition and Asset Classification (IRAC) norms. In an official notice, the RBI said the penalty was imposed on account of non-compliance

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