RBI slaps Rs 20 lakh penalty on NE & EC Railway Employees' Multi-State Primary Co-op Bank

RBI slaps Rs 20 lakh penalty on NE & EC Railway Employees' Multi-State Primary Co-op Bank

RBI slaps Rs 20 lakh penalty on NE & EC Railway Employees' Multi-State Primary Co-op BankAug 23, 2021, 05:58 PM IST

In a statement, the RBI said the inspection report of the bank based on its financial position as on March 31, 2019 revealed non-adherence/violation of specific directions issued to it under the Supervisory Action Framework (SAF).

Deposit customers, alliances to lead HDFC Bank's credit card comebackAug 23, 2021, 05:15 PM IST

On December 3 last year, RBI barred HDFC Bank from issuing new credit cards and introducing new digital products after multiple glitches linked to digital banking, cards and payments on the bank's platform were reported in the past two years.

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