RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift operations
NEW DELHI: The Reserve Bank of India (RBI) has imposed a total monetary fine of Rs 8 crore on three banks – Karnataka Bank, United Bank of India and Karur Vysya Bank – for non-compliance of directions on Swift messaging software. While the RBI imposed a Rs 4 crore fine on Karnataka Bank, United Bank […]