RBI imposes Rs. 2.5 Cr Penalty on Dhanlaxmi Bank, ESAF Bank, and Punjab & Sind Bank for Regulatory Violations
The highest penalty was imposed on Dhanlaxmi Bank of Rs. 1,27,47,000
By Navasree A.M - On January 15, 2024 10:54 am - 2 mins read
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 2.5 crores on Dhanlaxmi Bank, ESAF Bank, and Punjab & Sind Bank which are 3 prominent banks in India over several non- compliances with the regulations on January 12th 2024. Dhanlaxmi Bank: The RBI has imposed a Penalty of Rs. 1,27,47,000 for…
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