RBI imposes penalty of Rs 1 crore on Central Bank of India
2nd Mar 2019

Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Central Bank of India due to some reconciliation related lapses. The Bank has already taken necessary preventive measures to avoid such recurrence

Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.