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RBI asks banks not to classify zero balance account as inoperative

RBI asks banks not to classify zero balance account as inoperative
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RBI imposes fine on five co-op banks; extends Directives on four

Last week, the Reserve Bank of India imposed a penalty on five cooperative banks for breaching RBI norms

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RBI imposes monetary penalty on five co-operative banks Details here

RBI has imposed monetary penalties on 5 cooperative banks for deficiencies in regulatory compliance. These banks are: Patliputra Central Cooperative Bank, Patan Nagarik Sahakari Bank, Mandal Nagarik Sahakari Bank, Balasore Bhadrak Central Cooperative Bank and Dhrangadhra People’s Cooperative Bank

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RBI Slaps Citibank Bank of Baroda IOB With Rs 10 34 Cr Fines For Violating Regulatory Standards - BW Businessworld

RBI Slaps Citibank Bank of Baroda IOB With Rs 10 34 Cr Fines For Violating Regulatory Standards - BW Businessworld
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RBI Imposes Rs 10 34-Crore Penalties On Citibank, Bank of Baroda, IOB For Non-Compliance With Norms

The Reserve Bank of India has imposed a penalty of Rs 5 crore on Citibank, Rs 4.34 crore on Bank of Baroda, and Rs 1 crore on Indian Overseas Bank

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