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UCO BANK - Imposition Of Penalty By Reserve Bank Of India

| Updated on February 05, 2019 Published on February 05, 2019

We inform that Reserve Bank of India in exercise of powers conferred under Section 47 (A) (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949, imposed a penalty of Rs. 2.00 Crore for non compliance of instructions issued by Reserve Bank of India on collection of account payee instruments and those on Frauds - Classification and Reporting.

Above information is submitted in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements, Regulations, 2015.

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Source : BSE - www.bseindia.com

Published on February 05, 2019
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