Wednesday , October 27 2021

RBI imposes penalty of Rs 75 lakh on Syndicate Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 75 lakh on Syndicate Bank for non-compliance with the directions issued by RBI on frauds classification and reporting; innovative housing loan products wherein upfront disbursal of loans is done.

Syndicate Bank is one of the oldest and major commercial banks of India.

Please share this news
<div id="taboola-below-article-thumbnails"></div>
<script type="text/javascript">
  window._taboola = window._taboola || [];
  _taboola.push({
    mode: 'thumbnails-a',
    container: 'taboola-below-article-thumbnails',
    placement: 'Below Article Thumbnails',
    target_type: 'mix'
  });
</script>