A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention of/non-compliance with certain provisions contained in the RBI (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture – Agricultural Loans – Waiver of Margin/Security Requirements.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-imposes-penalty-on-city-union-bank-3-other-lenders/articleshow/82803464.cms
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