RBI imposes fines on Bank of India and Bandhan Bank for rule violations

RBI imposes fines on Bank of India and Bandhan Bank for rule violations

window._wpemojiSettings = {“baseUrl”:”https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72×72\/”,”ext”:”.png”,”svgUrl”:”https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/”,”svgExt”:”.svg”,”source”:{“concatemoji”:”https:\/\/www.uniquenewsonline.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.4.3″}};
/*! This file is auto-generated */
!function(i,n){var o,s,e;function c(e){try{var t={supportTests:e,timestamp:(new Date).valueOf()};sessionStorage.setItem(o,JSON.stringify(t))}catch(e){}}function p(e,t,n){e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(t,0,0);var t=new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data),r=(e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(n,0,0),new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data));return t.every(function(e,t){return e===r[t]})}function u(e,t,n){switch(t){case”flag”:return n(e,”\ud83c\udff3\ufe0f\u200d\u26a7\ufe0f”,”\ud83c\udff3\ufe0f\u200b\u26a7\ufe0f”)?!1:!n(e,”\ud83c\uddfa\ud83c\uddf3″,”\ud83c\uddfa\u200b\ud83c\uddf3″)&&!n(e,”\ud83c\udff4\udb40\udc67\udb40\udc62\udb40\udc65\udb40\udc6e\udb40\udc67\udb40\udc7f”,”\ud83c\udff4\u200b\udb40\udc67\u200b\udb40\udc62\u200b\udb40\udc65\u200b\udb40\udc6e\u200b\udb40\udc67\u200b\udb40\udc7f”);case”emoji”:return!n(e,”\ud83e\udef1\ud83c\udffb\u200d\ud83e\udef2\ud83c\udfff”,”\ud83e\udef1\ud83c\udffb\u200b\ud83e\udef2\ud83c\udfff”)}return!1}function f(e,t,n){var r=”undefined”!=typeof WorkerGlobalScope&&self instanceof WorkerGlobalScope?new OffscreenCanvas(300,150):i.createElement(“canvas”),a=r.getContext(“2d”,{willReadFrequently:!0}),o=(a.textBaseline=”top”,a.font=”600 32px Arial”,{});return e.forEach(function(e){o[e]=t(a,e,n)}),o}function t(e){var t=i.createElement(“script”);t.src=e,t.defer=!0,i.head.appendChild(t)}”undefined”!=typeof Promise&&(o=”wpEmojiSettingsSupports”,s=[“flag”,”emoji”],n.supports={everything:!0,everythingExceptFlag:!0},e=new Promise(function(e){i.addEventListener(“DOMContentLoaded”,e,{once:!0})}),new Promise(function(t){var n=function(){try{var e=JSON.parse(sessionStorage.getItem(o));if(“object”==typeof e&&”number”==typeof e.timestamp&&(new Date).valueOf()<e.timestamp+604800&&”object”==typeof e.supportTests)return e.supportTests}catch(e){}return null}();if(!n){if(“undefined”!=typeof Worker&&”undefined”!=typeof OffscreenCanvas&&”undefined”!=typeof URL&&URL.createObjectURL&&”undefined”!=typeof Blob)try{var e=”postMessage(“+f.toString()+”(“+[JSON.stringify(s),u.toString(),p.toString()].join(“,”)+”));”,r=new Blob([e],{type:”text/javascript”}),a=new Worker(URL.createObjectURL(r),{name:”wpTestEmojiSupports”});return void(a.onmessage=function(e){c(n=e.data),a.terminate(),t(n)})}catch(e){}c(n=f(s,u,p))}t(n)}).then(function(e){for(var t in e)n.supports[t]=e[t],n.supports.everything=n.supports.everything&&n.supports[t],”flag”!==t&&(n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&n.supports[t]);n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&!n.supports.flag,n.DOMReady=!1,n.readyCallback=function(){n.DOMReady=!0}}).then(function(){return e}).then(function(){var e;n.supports.everything||(n.readyCallback(),(e=n.source||{}).concatemoji?t(e.concatemoji):e.wpemoji&&e.twemoji&&(t(e.twemoji),t(e.wpemoji)))}))}((window,document),window._wpemojiSettings);

var breeze_prefetch = {“local_url”:”https:\/\/www.uniquenewsonline.com”,”ignore_remote_prefetch”:”1″,”ignore_list”:[“\/wp-admin\/”]};

https://www.uniquenewsonline.com/wp-content/plugins/breeze/assets/js/js-front-end/breeze-prefetch-links.min.js

https://www.uniquenewsonline.com/wp-includes/js/jquery/jquery.min.js

https://www.uniquenewsonline.com/wp-includes/js/jquery/jquery-migrate.min.js

https://www.uniquenewsonline.com/wp-content/plugins/wp-automatic/js/main-front.js

Business

Published

on

RBI slaps fines on Bank of India & Bandhan Bank for breach of rules

The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breaching rules. Bank of India has been fined Rs 1,40,76,000 for various non-compliance issues, while Bandhan Bank Ltd has been fined Rs 29.55 lakh for not following RBI directives.

Bank of India was penalized for not paying interest in certain term deposit accounts as per disclosed rates, levying SMS charges based on invalid numbers, and failing to reset interest rates as per guidelines. The bank also did not benchmark interest rates on certain loans to external rates and inaccurately reported data to CRILC and CICs.

Bandhan Bank Ltd was penalized for not complying with regulatory instructions/statutory provisions as per RBI’s supervisory findings. The penalties were imposed after considering the banks’ responses to the issues raised and are based on deficiencies in regulatory compliance, not on the validity of transactions.

The RBI clarified that the penalties are meant to address non-compliance issues and do not question the validity of transactions between the banks and their customers. The monetary penalties imposed are separate from any other actions RBI may take against the banks in the future.

IANS, established in 1986, is India’s largest independent news service, offering 24×7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

RainBet
x

jQuery(document).ready(function($) {
$(“.mvp-com-click-394759”).on(“click”, function(){
$(“.mvp-com-click-id-394759”).show();
$(“.mvp-disqus-thread-394759”).show();
$(“.mvp-com-but-394759”).hide();
});
});

!function(){const e=document.createElement(“script”);e.async=!0,e.setAttribute(“crossorigin”,”anonymous”),e.src=”//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-9548258067481809″;let t=0;document.addEventListener(“mousemove”,function(){1==++t&&document.getElementsByTagName(“HEAD”).item(0).appendChild(e)}),window.onscroll=function(n){1==++t&&document.getElementsByTagName(“HEAD”).item(0).appendChild(e)},setTimeout(function(){0===t&&(t++,document.getElementsByTagName(“HEAD”).item(0).appendChild(e))},5e3)}();

https://www.uniquenewsonline.com/wp-content/plugins/theia-sticky-sidebar/js/ResizeSensor.js

https://www.uniquenewsonline.com/wp-content/plugins/theia-sticky-sidebar/js/theia-sticky-sidebar.js

https://www.uniquenewsonline.com/wp-content/plugins/theia-sticky-sidebar/js/main.js

https://www.uniquenewsonline.com/wp-includes/js/jquery/ui/core.min.js

https://www.uniquenewsonline.com/wp-content/plugins/zox-alp//scripts/jquery.sticky-kit.min.js

https://www.uniquenewsonline.com/wp-content/plugins/zox-alp//scripts/jquery.waypoints.min.js

https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/mvpcustom.js

jQuery(document).ready(function($) {
var leaderHeight = $(“#mvp-leader-wrap”).outerHeight();
var navHeight = $(“#mvp-main-head-wrap”).outerHeight();
var headerHeight = navHeight + leaderHeight;
var previousScroll = 0;
$(window).scroll(function(event){
var scroll = $(this).scrollTop();
if ( typeof leaderHeight !== “undefined” ) {
if ($(window).scrollTop() > headerHeight){
$(“#mvp-main-nav-small”).addClass(“mvp-nav-small-fixed”);
$(“#mvp-main-body-wrap”).css(“margin-top”, navHeight );
} else {
$(“#mvp-main-nav-small”).removeClass(“mvp-nav-small-fixed”);
$(“#mvp-main-body-wrap”).css(“margin-top”,”0″);
}
if ($(window).scrollTop() > headerHeight + 50){
$(“#mvp-main-nav-small”).addClass(“mvp-fixed”);
$(“#mvp-main-nav-small”).addClass(“mvp-fixed-shadow”);
$(“.mvp-fly-top”).addClass(“mvp-to-top”);
} else {
$(“#mvp-main-nav-small”).removeClass(“mvp-fixed”);
$(“#mvp-main-nav-small”).removeClass(“mvp-fixed-shadow”);
$(“.mvp-fly-top”).removeClass(“mvp-to-top”);
}
} else {
if ($(window).scrollTop() > navHeight){
$(“#mvp-main-nav-small”).addClass(“mvp-nav-small-fixed”);
$(“#mvp-main-body-wrap”).css(“margin-top”, navHeight );
} else {
$(“#mvp-main-nav-small”).removeClass(“mvp-nav-small-fixed”);
$(“#mvp-main-body-wrap”).css(“margin-top”,”0″);
}
if ($(window).scrollTop() > navHeight + 50){
$(“#mvp-main-nav-small”).addClass(“mvp-fixed”);
$(“#mvp-main-nav-small”).addClass(“mvp-fixed-shadow”);
$(“.mvp-fly-top”).addClass(“mvp-to-top”);
} else {
$(“#mvp-main-nav-small”).removeClass(“mvp-fixed”);
$(“#mvp-main-nav-small”).removeClass(“mvp-fixed-shadow”);
$(“.mvp-fly-top”).removeClass(“mvp-to-top”);
}
}
previousScroll = scroll;
});
});jQuery(document).ready(function($) {
// Mobile Social Buttons More
$(“.mvp-soc-mob-right”).on(“click”, function(){
$(“#mvp-soc-mob-wrap”).toggleClass(“mvp-soc-mob-more”);
});
});jQuery(document).ready(function($) {
$(“.menu-item-has-children a”).click(function(event){
event.stopPropagation();});$(“.menu-item-has-children”).click(function(){
$(this).addClass(“toggled”);
if($(“.menu-item-has-children”).hasClass(“toggled”))
{
$(this).children(“ul”).toggle();
$(“.mvp-fly-nav-menu”).getNiceScroll().resize();
}
$(this).toggleClass(“tog-minus”);
return false;
});// Main Menu Scroll
$(“.mvp-fly-nav-menu”).niceScroll({cursorcolor:”#888″,cursorwidth: 7,cursorborder: 0,zindex:999999});
});

https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/scripts.js

https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/retina.js

https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/flexslider.js

https://www.uniquenewsonline.com/wp-content/themes/zox-news/js/alp.js

https://www.uniquenewsonline.com/wp-includes/js/comment-reply.min.js

(function(w,d, s, id) {w.webpushr=w.webpushr||function(){(w.webpushr.q=w.webpushr.q||[]).push(arguments)};var js, fjs = d.getElementsByTagName(s)[0];js = d.createElement(s); js.async=1; js.id = id;js.src = “https://cdn.webpushr.com/app.min.js”;
d.body.appendChild(js);}(window,document, ‘script’, ‘webpushr-jssdk’));
webpushr(‘setup’,{‘key’:’BPjbvHzuEYRqFV4yiEu3fIxgQ_hu6jxsQjNdj6baiXPpbFathx1pQk1KL7M1lXEoliGJckK0dG6UeYUZuTIiCRQ’,’sw’:’https://www.uniquenewsonline.com/wp-content/plugins/webpushr-web-push-notifications/sdk_files/webpushr-sw.js.php’});

About the author

Leave a Reply

Your email address will not be published. Required fields are marked *