Daily Current Affairs on RBI imposed Rs 1 crore penalty on Bandhan Bank for non-compliance with the guidelines on promoter holding for General Knowledge ( All Exams) Preparation

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RBI imposed Rs 1 crore penalty on Bandhan Bank for non-compliance with the guidelines on promoter holding

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RBI imposed Rs 1 crore penalty on Bandhan Bank for non-compliance with the guidelines on promoter holding
  • The bank was required to bring down the shareholding of its non-operative financial holding company in the bank in excess of 40 per cent of the total paid-up equity capital to 40 per cent within three years from the date of commencement of business of the bank.
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