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Oriental Bank Of Commerce - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015

| Updated on August 01, 2019 Published on August 01, 2019

This is to inform that Reserve Bank of India (RBI) in exercise of powers conferred under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 has imposed an aggregate penalty of ?1 crore (Rupees One Crore only) on the Bank for violating RBI Master Direction dated July 01, 2016 on Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) Directions 2016 and non-compliance of RBI circular dated May 15, 2004 on Opening of Current Accounts by Banks - Need for discipline. The aforesaid penalty is required to be paid within 14 days from the date of receipt of the Order.

Pdf Link: Oriental Bank Of Commerce - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015

Source : BSE - www.bseindia.com

Published on August 01, 2019
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