Monday, November 29, 2021

RBI imposes Rs 1 crore penalty on Union Bank of India

"The RBI inspection revealed non-compliance with rules on classification of an account as red flag account despite presence of early warning signals and also failure to disclose provisioning for Security Receipts (SRs) in its Annual Report," read the circular.

from Banking/Finance-Industry-Economic Times https://ift.tt/32C63ol

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