RBI slaps penalty of Rs 3 crore on UCO Bank
8th Mar 2019

The Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on UCO Bank. The penalty is for non-compliance of RBI directives on time bound implementation and strengthening of SWIFT related operational controls.

UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.