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RBI Imposes Rs 39 Lakh Penalty On Citibank For Non-Compliance With Large Exposures Framework

Summary by NDTV Profit

The Reserve Bank on Friday said it has imposed a penalty of Rs 39 lakh on Citibank N.A. for non-compliance with directions pertaining to large exposures framework and delay in furnishing of credit information to CICs. In a statement, the RBI said the statutory inspection for Supervisory Evaluation of the bank was conducted with reference to its financial position as on March 31, 2023.Based on supervisory findings of non-compliance with RBI direc…

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Business League - Financial Experts

RBI New Action: RBI imposed heavy fine on another bank on breaking rules, check immediately - Business League

RBI has imposed a fine of Rs 39 lakh on Citi Bank. JM Financial Home Loans Limited has also been fined Rs 1.50 lakh. Reserve Bank has also taken action against Ashirvad Micro Finance. The Reserve Bank has taken major action on another bank. The Reserve Bank said on Friday that it has imposed a fine of Rs 39 lakh on Citi Bank for non-compliance of instructions related to large loans and delay in providing related information to credit information…

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RBI Imposes Rs 39 Lakh Penalty On Citibank For Non-Compliance With Large Exposures Framework

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NDTV Profit broke the news in 23 hours ago on Friday, February 21, 2025.

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RBI Imposes Rs 39 Lakh Penalty On Citibank For Non-Compliance With Large Exposures Framework

2 Articles

2 Articles

RBI New Action: RBI imposed heavy fine on another bank on breaking rules, check immediately - Business League

RBI New Action: RBI imposed heavy fine on another bank on breaking rules, check immediately - Business League

RBI Imposes Rs 39 Lakh Penalty On Citibank For Non-Compliance With Large Exposures Framework

RBI Imposes Rs 39 Lakh Penalty On Citibank For Non-Compliance With Large Exposures Framework

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