RBI penalty on Fino Payments Bank: RBI imposes ₹29.6 lakh fine on Fino for violating end-of-day balance norms in customer accounts. Know the compliance rules and exam-relevant facts. RBI Imposes ₹29.6 Lakh Penalty on Fino Payments Bank for Exceeding Regulatory Balance Limits The Reserve Bank of India (RBI) has levied a fine of ₹29.6 lakh…
RBI Imposes Penalty Worth ₹1 Crore on Union Bank The Reserve Bank of India (RBI) has recently imposed a penalty of ₹1 crore on Union Bank of India for failing to adhere to regulatory guidelines. This action highlights the importance of compliance and the consequences that banks may face for non-compliance. In this article, we…
RBI Imposes ₹5.4 Crore Penalty on Paytm Payments Bank The Reserve Bank of India (RBI) recently imposed a penalty of ₹5.4 crore on Paytm Payments Bank, one of the leading digital payment banks in India. This decision by the RBI has significant implications not only for the banking sector but also for students preparing for…
