The Reserve Bank of India on Monday imposed a penalty of Rs. 1 crore on the Union Bank of India, for non-compliance with certain provisions of directions issued by RBI. The directions were contained in 'RBI (Fraud-Classification & Reporting by commercial banks & select FIs) Directions 2016', and 'Guidelines on Sale of Stressed Assets by Banks'.from IndiaTV Business: Google News Feed https://ift.tt/3rfGdAZ
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