The Chennai-based bank failed to make minimum mandatory transfer of a sum equivalent to 25 per cent of its disclosed profit for the year 2020-21 to its reserve fund, it said. There was significant divergence between the NPAs, as reported by it and as assessed by the inspection, and it offered interest on deposits of non-individual constituents at rates applicable to senior/super senior citizens, in certain instances.from Banking/Finance-Industry-Economic Times https://ift.tt/fgVNJy9
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