About this document
RBI Penalty on Nainital Bank Compliance Issues by ambarishramanuj8771 is a document available to read on EtoBox.
The document details a monetary penalty imposed by the RBI on The Nainital Bank Limited for non-compliance in two areas: interest rate benchmarking for floating rate loans to MSMEs and improper penal charges for savings account minimum balance maintenance. It requests the respective departments to provide the current status regarding these compliance issues. The penalty amounts to 0.61 crore for the year 2023.
- Author
- ambarishramanuj8771
- Language
- EN