RBI imposes penalty on five banks including Yes Bank
This NEWS is broadcasting on local news-papers that Earlier RBI has imposed a fine on SBI, Union Bank of India, Dena Bank and IDBI. The Reserve Bank of India (RBI) has imposed a penalty of up to Rs 12 crores on five banks. These include banks like Yes Bank, Karnataka Bank and IOB. The Reserve Bank of India has imposed a penalty on these banks for not complying with the guidelines related to the swift messaging software. The Reserve Bank of India (RBI) has imposed a penalty of Rs 12 crores on this Yes Bank, Karnataka Bank, United Bank of India, Indian Overseas Bank and Karur Vysya Bank.
For this, after the fraud case of PNB, the RBI's stance remains tight on banks' transactions. So Swift is a global software sender, it is worth mentioning that misuse of this messaging software carried out a huge fraud of Rs 14,000 crores in PNB. Used by financial institutions for transactions. This Reserve Bank of India has imposed a fine of Rs. 4 crores on this Karnataka Bank, the United Bank and this Indian Overseas Bank, Rs. 3 crores and Rs. 1 crores on Yes Bank and Rs 1 crores on Karur Vysya Bank and it has been fined 14 days. To be deposited within.