RBI imposed Rs.3 crore fine on Citibank India

Posted on:14 Jan 2019 17:15:35
RBI imposed Rs.3 crore fine on Citibank India
14 January 2019 Current Affairs:

The Reserve Bank of India (RBI) has imposed a fine on Citibank India, a foreign lender, a penalty of Rs.3 crore for not complying with ‘fit and proper’ criteria for directors. 
It also said that the action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
About Citibank India:
♦ Established on 1902
♦ Headquartered: Mumbai, Maharashtra
♦ Citi Country Officer of the Bank: Pramit Jhaveri

The Reserve Bank of India (RBI) has imposed a fine on Citibank India, a foreign lender, a penalty of Rs.3 crore for not complying with ‘fit and proper’ criteria for directors. 
It also said that the action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
About Citibank India:
♦ Established on 1902
♦ Headquartered: Mumbai, Maharashtra
♦ Citi Country Officer of the Bank: Pramit Jhaveri




Daily Current Affairs Videos Video Link
26th April 2019 Current Affairs Video
25th April 2019 Current Affairs Video
24th April 2019 Current Affairs Video
23rd April 2019 Current Affairs Video
22nd April 2019 Current Affairs Video
Watch more Current Affairs Videos



Monthly Current Affairs

Fresherslive telegram Group

Current Affairs Section

Daily Current Affairs Quiz


Subscribe to Current Affairs

Enter your email to get daily current affairs
SUBSCRIBE

Currentt Affairs 2019 April

26 APRIL
NEWS
25 APRIL
NEWS
24 APRIL
NEWS

Currentt Affairs 2019 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Currentt Affairs 2019 February

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS




×

₹ 249

₹ 1000

Only 9 days left !