RBI imposes Rs 1 crore fine on LVB, Rs 75 lakh on Syndicate Bank for violating norms

In a similarly worded release, it said a monetary penalty of Rs 75 lakh has been imposed on Syndicate Bank for non-compliance with the directions issued by RBI on frauds classification and reporting.

from Banking/Finance-Industry-Economic Times https://ift.tt/35sG001