RBI slaps Rs 1 crore penalty on LVB, Rs 75 lakh fine on Syndicate Bank for violating norms

After considering reply of Lakshmi Vilas Bank to the notice and examination of additional submission, the RBI concluded that the aforesaid non-compliance warranted imposition of monetary penalty.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/31dvOFd