The Reserve Bank of India has imposed a monetary penalty of Rs 15.00 lakh on The Utkal Cooperative Bank Ltd. The UCB was found guilty of contravention of/ non-complian
The Reserve Bank of India (RBI) has imposed a fine of Rs30 lakh on Bank of Baroda (BoB) for breaching stipulated transaction limits and failing to apply prescribed interest rates on term deposits. Separately, Northeast Small Finance Bank Ltd, Utkal Cooperative Bank Ltd and Krazybee Services Pvt Ltd are also penalised by RBI for violating various rules and regulations.