Question
RBI has imposed a penalty of ₹2.27 crore based on the
deficiencies in regulatory compliance on which Bank?Solution
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.27 crore on RBL Bank Limited for non-compliance with certain provisions of the directions. According to the RBI, the action is based on the deficiencies in "regulatory compliance" observed relating to the period FY 2018-19 to FY 2021-22.
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