RBI slaps 1 crore fine on Bank of Maharashtra

12-02-2019

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Bank of Maharashtra for not  compliance of Know Your Customer guidelines and fraud-classification norms.Last Year also RBI had imposed a penalty of Rs 1 crore on BoM on account of delay on the part of the bank to detect and report fraud in an account.

 

Read More : https://indianexpress.com/article/business/banking-and-finance/rbi-slaps-fine-on-bank-of-maharashtra-5541910/

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