Logo

Logo

penalty

RBI imposes penalty on Federal Bank, PNB

Federal Bank was penalised as it issued some demand drafts, each for a value of rupees fifty thousand and above, without incorporating the name of the purchaser on the face of it.

RBI imposes Rs 1.25-crore penalty on Zoroastrian Co-operative Bank

The RBI statement said the statutory inspection of the bank was done by RBI with reference to its financial position as on March 31, 2020, and examination of the risk assessment report pertaining to the Forensic Audit Report (FAR) by an external auditor.