Monday, July 28, 2014

RBI slaps total of ₹1.5-cr penalty on 12 banks in Deccan Chronicle Holdings case

...........“After considering the facts of each case and the individual bank’s reply, as also, the personal submissions etc., by some of the banks before its Committee of Executive Directors, the Reserve Bank came to the conclusion that some of the violations were substantiated and warranted imposition of monetary penalty,”.......

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