RBI imposes penalty on City Union Bank

RBI imposes penalty on City Union Bank

May 21, 2021 03:05 IST capital market

The Reserve Bank of India has imposed a penalty of Rs 1 crore on City Union Bank for non-compliance with certain provisions of the directions contained in the Reserve Bank of India (lending to micro, small and medium enterprises sector) Directions 2017 and the circulars on education loan scheme and credit flow to agriculture - agriculture loans - waiver of margin/ security requirements.

Powered by Capital Market - Live News

Related Story

Open Free Demat Account (Rs699)