Bank
RBI Imposed penalty on Indian Bank Currency Chest, Guwahati
The bank has informed through exchanges that the Reserve Bank of India (RBI) has imposed a penalty of Rs. 1,45,700
Advertisement
New Delhi: State-run Indian Bank has imposed a monetary penalty of Rs 1,45,700.00 on Bank’s Currency Chest-Guwahati by Reserve Bank of India.
The reason has been cited as regular inspection irregularities.
The bank has informed through exchanges that the Reserve Bank of India (RBI) has imposed a penalty of Rs.1,45,700 (Rupees one lakh forty five thousand seven hundred only) on Bank’s Currency Chest- Guwahati for routine inspection irregularities.
The penalty levied by RBI is related to routine operational activities of the Bank and considering the size of operation of the Bank, the said penalty does not have any material impact on the Bank and its profitability.