Search For "fraud classification"
SBI moves application in SC seeking clarifications on judgment on fraud cl
Updated : 3 years, 1 month ago IST
State Bank of India in its application, has sought clarification of the top court's judgment dated March 27 and that the banks can decide the time frame of adjudication depending upon the urgency of the matter.
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RBI imposes Rs 1 crore penalty on Union Bank of India for non-compliance w
Updated : 4 years, 6 months ago IST
New Delhi [India], November 29 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the Union Bank of India (UBI) for non-compliance with certain provisions of its directions relating to fraud classification and reporting and sale of stressed assets.
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Eight PSU banks fined by RBI for violating regulatory norms
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], Aug 3 (ANI): The Reserve Bank of India (RBI) has imposed a penalty ranging between Rs one crore to two crore on eight government-owned banks for violating norms on fraud classification, bill discounting and monitoring of end use of funds.
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