Monday, October 28, 2019

RBI imposes Rs 35 lakh fine on Tamilnad Mercantile Bank

RBI imposes Rs 35 lakh fine on Tamilnad Mercantile Bank The bank has been penalised for "non-compliance with certain provisions of directions issued by RBI on frauds classification and reporting by commercial banks and select FIs directions 2016," the RBI said in a release on October 25.

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