The Reserve Bank of India (RBI) has slapped a penalty of Rs 1.5 crore on Bank of India (BoI) on account of 'Non-compliance with RBI's direction on Frauds' in Rotomac Group companies. 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.