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RBI slaps Rs 2 crore penalty on Corporation Bank

11 Feb 2019 Evaluate

Reserve Bank of India (RBI) has imposed a penalty aggregating to Rs 2 crore on Corporation Bank due to some lapses in monitoring of end use of funds and exchange of information with other banks in respect of one borrower along with some other Banks.

Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906.

Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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