RBI imposes Rs 22 lakh fine on DCB Bank for violating marketing norms

"The RBI has...imposed a monetary penalty of Rs 22 lakh on DCB Bank for non-compliance with certain provisions of directions issued by RBI contained in the circular on 'Marketing/distribution of mutual fund/insurance etc., products by banks' dated November 16, 2009," the RBI order attached with the filing said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TyM1n3