Rbi Bank
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IndiaMar 20, 2024, 2:01 PM IST
Why did SBI impose penalty on Tamilnad Mercantile Bank and DCB Bank?
Due to failing to comply with interest rate guidelines and CRILC reporting modifications, DCB Bank and Tamilnad Mercantile Bank suffered penalties by RBI. Not transaction legitimacy, but problems with regulatory compliance were the cause of penalties.
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