8 Major Government Banks Received Penalties by RBI in 2023 – Check the details!
Trade Brains
NOVEMBER 21, 2023
crores on September 21 Reason for imposing penalty: (1) sanctioned a term loan to a corporation: (i) instead of using budgeted funds for specific projects; (ii) without checking if the projects were financially viable; and (iii) the repayment or servicing of which was made out of budget funds. (2) Canara Bank Penalty imposed: ₹2.92
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