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RBI imposes penalty of Rs 2 crore on Canara Bank

05 Mar 2019 Evaluate

Reserve Bank of India (RBI) has imposed an aggregate penalty of Rs 2 crore on Canara Bank for non-compliance and contravention with the directions issued in RBI Circular dated February 20, 2018 on ‘Time-bound implementation and strengthening of SWIFT- related operational controls’.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.

Peers
Company Name CMP
State Bank Of India 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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