
RBI imposes Rs 4 crore penalty on Citibank
, 5 news, a view
The Reserve Bank of India (RBI) on Friday said it has imposed a monetary penalty of Rs 4 crore on Citibank for contravention of Section 10 (1) (b) (ii) of the Banking Regulation Act, 1949 and for non-compliance with the directions issued by the RBI…