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Penalty on Banks: RBI took major action on these two banks, imposed a fine of 59 lakhs

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RBI Penalty on Banks: The Central Reserve Bank has taken major action on two banks. RBI has imposed a big penalty on these two banks. This bank is after Mumbai and Ghaziabad. RBI has penalized these banks for ignoring the rules. RBI has taken action on Abhyudaya Co-operative Bank of Mumbai because this bank has ignored many rules of RBI. Due to this, the central bank has imposed a fine of Rs 58 lakh on him.

penalty imposed for
Let us tell you that RBI has imposed a penalty on Abhyudaya Co-operative Bank because the bank has ignored the rules related to NPA. Along with this, the RBI has also decided to impose a penalty on the Commercial Co-operative Bank of Noida. has been violated. Due to this, the RBI has imposed a fine of Rs 1 lakh on this bank as well.

Last week, RBI also imposed heavy fines on the country’s largest public sector Bank of Maharashtra. Taking action, the Central Reserve Bank has imposed a penalty of Rs 1.12 crore on the bank. This action has been taken on Bank of Maharashtra due to ignoring the rules of KYC.

What will be the effect on customers
Let us tell you that this action of the Reserve Bank will not affect the customers of the bank in any way. The reason for this is that the RBI has taken action on the bank for ignoring regulatory rules. In such a situation, it will not have any effect on the service of the bank.

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