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RBI imposes Rs 4 crore penalty on Citibank© hindustantimes.com

RBI imposes Rs 4 crore penalty on Citibank

May 30, 2020 10:30 AM, 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…

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