RBI imposes Rs 2 crore penalty on RBL Bank


RBI imposes Rs 2 crore penalty on RBL Bank

The RBI said it had also issued a notice to the bank asking it to explain why a penalty should not be imposed on it.

In June, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan of Piramal Capital and Housing Finance Limited. However, the order was challenged by Wadhawan at the appellate tribunal.


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