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RBI slaps Rs 10.10 lakh penalty on City Union Bank, 2 more entities
The Reserve Bank of India has levied fines on three financial entities. City Union Bank faced a penalty for incorrect loan charges and data reporting. Mintifi Finserve was fined for delayed customer KYC record uploads. Newa Investments was penalized for appointing directors without prior RBI approval. These actions highlight the RBI's commitment to regulatory adherence.
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thehindubusinessline.com
RBI slaps ₹10.10 lakh penalty on City Union Bank, 2 more entities
RBI imposes penalties on City Union Bank, Mintifi Finserve, and Newa Investments for various compliance violations.
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economictimes.indiatimes.com
RBI slaps Rs 10.10 lakh penalty on City Union Bank, 2 more entities
The Reserve Bank of India has levied fines on three financial entities. City Union Bank faced a penalty for incorrect loan charges and data reporting. Mintifi Finserve was fined…