What was the total penalty amount imposed by the Reserve Bank of India on Nainital Bank and Ujjivan Small Finance Bank?
₹68.1 lakh
Why in the news?
“RBI Imposes ₹68.1 Lakh Penalty on Nainital Bank and Ujjivan Small Finance Bank for Regulatory Violations"
The Reserve Bank of India imposed a total penalty of ₹68.1 lakh on Nainital Bank and Ujjivan Small Finance Bank for non-compliance with regulatory norms. The penalty was for violations related to customer service and other banking guidelines.
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