CURRENT AFFAIRS : BANKING & FINANCE
RBI imposes Rs 2.27 crore penalty on RBL Bank for non-compliance
- The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.27 crore on private sector lender RBL Bank for not complying with certain directives on loan recovery agents.
- The RBI noticed “deficiencies in regulatory compliance” after it examined complaints received against the Mumbai-based lender’s recovery agents during the financial years 2018-19 to 2021-22.
