RBI fines Citibank Rs 4 crore for non-compliance of regulatory directions

The Reserve Bank of India (RBI) on Friday said it has imposed a monetary penalty of Rs 4 crore on Citibank for contravention of Section 10 (1) (b) (ii) of the Banking Regulation Act, 1949 and for non-compliance with the directions issued by the RBI on several matters.

from Banking & Finance – The Financial Express https://ift.tt/3gv3rvb