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RBI imposes penalty of Rs 2 crore on UCO Bank

05 Feb 2019 Evaluate

The Reserve Bank of India (RBI) has imposed a penalty of Rs 2 crore on UCO Bank, for non-compliance of instructions issued by Reserve Bank of India on collection of account payee instruments and those on 'Frauds - Classification and Reporting.'

UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.

Peers
Company Name CMP
State Bank Of India 941.00
PNB 116.00
Bank Of Baroda 235.00
Canara Bank 118.10
Union Bank Of India 171.45
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