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RBI imposes penalty of Rs 1 crore on Corporation Bank

12 Mar 2019 Evaluate

Reserve Bank of India (RBI) has imposed an aggregate penalty of Rs 1 crore on Corporation Bank for deficiency in regulatory compliance with one of the four compensatory control to do on real time basis. The Bank has already taken necessary preventive measures / action plan to avoid such recurrence.

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

Peers
Company Name CMP
State Bank Of India 972.10
PNB 114.95
Bank Of Baroda 232.30
Canara Bank 122.90
Union Bank Of India 176.30
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