Thursday, 2 March 2017

RBI slaps Rs 5 lakh fine on Rajsamand Urban Co-op Bank

The Reserve Bank of India has imposed a monetary penalty of Rs 5 lakh on The Rajsamand Urban Co-operative Bank Limited for violation of RBI guidelines. “The fine is imposed for violation of RBI instructions /guidelines relating to (i) linking of share capital to borrowings (ii) breach of prescribed individual borrower exposure limit (iii) granted unsecured loans beyond prescribed limit and allowed frequent OD in a CC account beyond prescribed limit (iv) acquisition of non-banking asset,” RBI said in a notification.

SHARE and Stock Market Tips and Recommendations click here NOW SUBSCRIBE US FREE >> or ONE MISSED CALL ON @9644405056

No comments:

Post a Comment