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RBI levies penalty on Indian Overseas Bank of Rs 3.30 lakh

28 Nov 2019 Evaluate

Reserve Bank of India (RBI) has levied penalty on Indian Overseas Bank of Rs 3.30 lakh. The Bank has taken necessary measures to strengthen internal controls to avoid such recurrence.

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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