The monetary penalty has been imposed on the bank for non-compliance with certain directions contained in the 'Reserve Bank of India (Frauds - Classification and Reporting by commercial banks and select FIs) Directions 2016'.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-imposes-rs-2-crore-penalty-on-standard-chartered-bank/articleshow/80389325.cms
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