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The Reserve Bank of India (RBI) has penalized Union Bank of India with a Rs 1 crore fine and RBL Bank with a Rs 64 lakh fine for non-compliance with regulatory directions and violations, respectively. The penalties were issued after a thorough review of the banks' responses and oral submissions made during the personal hearing.
Read More »RBI Levies Penalties on Union Bank of India and RBL Bank for Regulatory Violations
