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RBI imposes 1.45 crore penalty on Central Bank of India, 96.4 lakh fine on Sonali Bank PLC
Credit: IndiaTimes- Published on June 14, 2024
RBI imposed penalties on the Central Bank of India and Sonali Bank PLC for non-compliance with regulatory norms. The Central Bank of India was fined Rs 1.45 crore for issues including sanctioning a working capital demand loan improperly and failing to credit amounts from unauthorized electronic transactions to customers' accounts...
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