MoneyWorks4Me

RBI slaps Rs 1-crore penalty on Bank of Maharashtra

17 Jan 2019 Evaluate

Reserve Bank of India (RBI) has imposed Rs 1-crore penalty on Bank of Maharashtra. This penalty has been imposed for non-compliance of Know Your Customer guidelines and fraud-classification norms.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.

Peers
Company Name CMP
State Bank Of India 950.30
PNB 113.90
Bank Of Baroda 234.90
Canara Bank 118.90
Union Bank Of India 173.05
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