Home / Faculty / Current Affairs June 2023 / Question
U
RBI Imposes Rs 2.20 Crore Penalty on Indian Overseas Bank for Rule Violations
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.20 crore on Indian Overseas Bank (IOB) for violating various rules and regulations. The penalty was imposed due to the bank’s failure to make a minimum mandatory transfer of a sum equivalent to 25 percent of its disclosed profit and a significant divergence between the non-performing assets (NPAs) reported by the bank and those assessed during inspection.
Related Posts
Q. World Hydrography Day 2023: Date, Theme and History
Q. Dennis Francis elected 78th UNGA president
Q. Serbia and USA win FIBA 3×3 World Cup 2023
Q. Ukraine’s Nova Kakhovka Dam Disaster: Key Points on the Strategically Important Reservoir
Q. Priya A.S. received Sahitya Akademi Award 2023 for children’s literature
Q. International Day of the Tropics 2023: Date, Significance and History
Q. On which date is International Everest Day 2023 celebrated?
Q. Oman Creates History as First Foreign Government to Promote Country through Yoga
Q. Why Homo naledi is in News? Know about Homo Naledi
Q. International Albinism Awareness Day 2023: Date, Theme, and History
Discusssion
Login to discuss.