RBI slaps Rs 10 lakh fine on South Indian Bank

"Examination in this regard revealed violation of RBI directions on 'Guarantees and Co-acceptances' and a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the directions," the RBI said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Zxirzg