RBI imposes Rs 1 crore penalty on Jio Payments Bank

Jio Payments Bank was required to submit an application under Section 35B of the Act in the case of reappointment of MD & CEO of the bank four months prior to the date on which the term of the current position holders was to expire as per RBI guidelines.

from Banking/Finance-Industry-Economic Times https://ift.tt/3oGFUvk