Thursday, October 29, 2020

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.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-imposes-rs-22-lakh-fine-on-dcb-bank-for-violating-marketing-norms/articleshow/78929111.cms

No comments:

Post a Comment