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RBI levies penalty of Rs 4 crore on Karnataka Bank

05 Mar 2019 Evaluate

Reserve Bank of India (RBI) has levied a penalty of Rs 4 crore on Karnataka Bank for delay in implementation of four of the Swift related operational controls.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.

Peers
Company Name CMP
HDFC Bank 690.75
ICICI Bank 1398.70
Axis Bank 1223.75
Kotak Mahindra Bank 460.00
Indusind Bank 849.25
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