Our Bureau
Bank of India (BoI), on Thursday, said the Reserve Bank of India has asked it to pay a penalty of ₹1.5 crore on account of ‘non-compliance with RBI’s direction on frauds’ in Rotomac Group companies. In a stock exchange notice, BoI said the penalty is required to be paid within 14 days of receipt of RBI’s order, which was received via email dated August 1.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.