Home Business RBI imposes penalty of Rs. 1 crore each on three nationalized banks

RBI imposes penalty of Rs. 1 crore each on three nationalized banks

By
Lucky Jain
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520
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(G.N.S) Dt. 09 New Delhi The Reserve Bank of India (RBI) has imposed fine of one crore rupees each on three public sector banks – Union Bank of India (UBI), Bank of India (BOI) and Bank of Maharashtra (BOM)for delay in catching fraud and for not providing information on time.

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