RBI imposes Rs 45 lakh penalty on MUFG Bank

It was found that the bank failed to put in place Straight Through Processing (STP) between Core Banking System(CBS)/accounting system and SWIFT messaging system for transactions creating non-funded exposure/exposure with financial implications, within the time limit of April 30, 2018, according to a RBI release.

from Banking/Finance-Industry-Economic Times https://ift.tt/TE0uFSp