RBI imposes penalty on five banks including Yes Bank



pic-source

This #NEWS is broadcasting that Earlier RBI has imposed a fine on SBI, Union Bank of India, Dena Bank and IDBI. The Reserve Bank of India (RBI) has imposed a penalty of up to Rs 12 crores on five banks. These include banks like Yes Bank, Karnataka Bank and IOB. The Reserve Bank of India has imposed a penalty on these banks for not complying with the guidelines related to the swift messaging software. The Reserve Bank of India (RBI) has imposed a penalty of Rs 12 crores on this Yes Bank, Karnataka Bank, United Bank of India, Indian Overseas Bank and Karur Vysya Bank.


pic-source

For this, after the fraud case of PNB, the RBI's stance remains tight on banks' transactions. So Swift is a global software sender, it is worth mentioning that misuse of this messaging software carried out a huge fraud of Rs 14,000 crores in PNB. Used by financial institutions for transactions. This Reserve Bank of India has imposed a fine of Rs. 4 crores on this Karnataka Bank, the United Bank and this Indian Overseas Bank, Rs. 3 crores and Rs. 1 crores on Yes Bank and Rs 1 crores on Karur Vysya Bank and it has been fined 14 days. To be deposited within.


Comments 1