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RBI imposes Rs 10 million penalty on Bank of India

07 Feb 2019 Evaluate

The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 million on Bank of India on account of ‘Violation of RBI guidelines on Scrutiny of accounts of Sidhi Vinayak Logistics.’ The aforesaid penalty is required to be paid within 14 days of receipt of their order.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Peers
Company Name CMP
State Bank Of India 969.55
PNB 120.35
Bank Of Baroda 243.50
Canara Bank 117.60
Union Bank Of India 183.00
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