RBI Slaps A Penalty Of Rs 1 Cr. On Union Financial Institution Of India

RBI slaps a penalty of Rs 1 cr. on Union Financial institution of India

The Reserve Financial institution of India (RBI) has fined Union Financial institution of India a complete of Rs. A nice of Rs 1 crore has been slapped.

The Reserve Financial institution of India (RBI) has imposed a nice of Rs. Underneath the Reserve Financial institution of India (Fraud Classification and Reporting by Industrial Banks and Chosen FIs) Pointers, 2016 and ‘Pointers on Sale of Confused Belongings by Banks’, every division on the financial institution (complete Rs. 1 crore)

On Friday, November 26, 2021, the Reserve Financial institution of India (RBI) imposed a nice of Rs 1 crore on State Financial institution of India (SBI) for violating the supply.

Union Financial institution of India’s standalone internet revenue rose 195.4% to Rs. 1,526.12 crore and complete income elevated by 2.3 per cent to Rs. 20,683.95 crore in Q2 FY21 from Rs.

Shares of Union Financial institution of India rose 0.81% to Rs. Was born 43.65. Union Financial institution of India is a authorities financial institution. As on 30 September 2021, Authorities of India had 83.50% stake whereas Life Insurance coverage Company of India (LIC) had 5.06% stake in Authorities Financial institution.

Run by Capital Market – Dwell Information

(This story has not been edited by Enterprise Customary workers and has been auto-generated from the Syndicate feed.)

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