RBI Fines On Banks


RBI slaps Rs 27-crore penalty on 13 banks for FEMA violations  on july 26

The RBI fined Bank of Baroda for Rs 5 crore

Punjab National Bank and Syndicate Bank have been fined Rs 3 crore each.

UCO Bank, HDFC Bank, Allahabad Bank, Canara Bank and IndusInd Bank have all been fined Rs 2 crore each.

7 NBFCs surrender licence; RBI cancels licence of 4 others under RBI act 1934


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