RBI fines SBI, Canara, City Union banks for violations
Tuesday, 27 February 2024
Reserve Bank of India (RBI) penalised SBI, Canara Bank, City Union Bank for violating regulations. Fines imposed for various violations including exceeding share capital limits and data rejection. Ocean Capital Market, an NBFC, also fined. Inspection findings led to penalties. Breach details not disclosed.
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