The Reserve Bank of India has imposed a fine of Rs 4 crore.
An examination of the Risk Assessment Report to the Reserve Bank of India (RBI) revealed that the bank did not adhere to the proper norms in these cases. RBI found that the bank did not report the fraud to it in time and the fraudulent assets were sold.
New Delhi. rules And Proper norms of infringement to do On Bank off India (Bank of India) On Reserve Bank off India (RBI) has 4 crore Rupees of fine imposed is. On Tuesday after the penalty imposed by RBI Bank off India (BOI) of share near 4 percent falling down 81.40 Rupees of Emotion On come wenthandjob while Monday To its share 84.60 Rupees On Close happened Were. althoughhandjob day climb of with its share of prices In Maluli improvement happen And BOI of share 2.78% falling down 82.25 Rupees On Close Happened. although Today approximately All banks of share In fall recorded of gone And Nifty Bank 1% from more i.e 358.35 Points falling down 35,085.30 numerals On Close happen. Actually, RBI has Bank off India On Norms of infringement to do of for fine planted.
this is the whole matter
BOI has 31 March 2019 To One Fraud of Know applying of for annuus advisory Inspection did was And Her Fraud Surveillance Report (FMR) assigned was. RBI To risk assessment Report of the inspection from Know walked that this cases In Bank has Proper norms of Follow No did. RBI has had got that Bank has Fraud of information him Time On No given And fraud the ones assets To sell gave Gone. its after RBI has BOI To cause Tell notice Sent And Asked that instructions of Follow No to do of for Those On Penalty why not put Go RBI of tell is that regulatory compliance In lack of cause Bank On fine imposed Gone is.
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Bank of India will also be private!
Big news is coming about bank privatization. The central government had announced the privatization of two public sector banks in the budget presented in February. According to the announcement made by the Finance Minister, the government was planning to sell stake in Central Bank of India and Indian Overseas Bank, but now the news is coming that the government is planning to sell Bank of India. can also sell its stake in That is, Bank of India can also go into private hands.