RBI Slaps Penalty On Axis Bank And Indian Overseas Bank

Posted on:07 Mar 2018 10:48:25
RBI Slaps Penalty On Axis Bank And Indian Overseas Bank
07 March 2018 Current Affairs: The Reserve Bank of India (RBI) imposed a penalty of Rs 3 crore on private sector Axis Bank for violation of Non-Performing Asset (NPA) classification norms, and Rs 2 crore on state-run Indian Overseas Bank (IOB) for not complying with the Know Your Customer (KYC) regulations.

A statutory inspection of Axis Bank, with reference to its financial position, revealed "violations of various regulations issued by RBI in the assessment of NPAs", or bad loans.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 April

26 APRIL
NEWS
25 APRIL
NEWS
24 APRIL
NEWS
23 APRIL
NEWS

Current Affairs 2018 March

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

Current Affairs 2018 February

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