Latest Breaking News On - Company reserve bank directions - Page 8 : comparemela.com
RBI imposes penalty on City Union Bank, 3 other lenders
SECTIONS
Last Updated: May 20, 2021, 09:13 PM IST
Share
Synopsis
A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention of/non-compliance with certain provisions contained in the RBI (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture – Agricultural Loans – Waiver of Margin/Security Requirements.
Agencies
In each case, the RBI said the penalties were imposed based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by them with customers.
TamilnadTamil-naduIndiaAhmedabadGujaratPuneMaharashtraNutan-nagarik-sahakari-bankSmall-medium-enterprisesBank-commercial-paper-directionsTamilnad-mercantile-bank