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Reputation: 642,945  •  Oct 15, 2019 2:13 AM
RBI imposes Rs 1 cr fine on LVB, Rs 75 lakh on Syndicate Bank for violating norms
RBI imposes Rs 1 cr fine on LVB, Rs 75 lakh on Syndicate Bank for violating norms
In a similarly worded release, it said a monetary penalty of Rs 75 lakh has been imposed on Syndicate Bank for non-compliance with the directions issued by RBI on frauds classification and reporting; innovative housing loan products wherein upfront disbursal of loans is done.
Moneycontrol

https://www.moneycontrol.com/news/business/rbi-imposes-rs...
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