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RBI imposes monetary penalty on Federal Bank Limited

by Team Emka 

RBI 

The Reserve Bank of India (RBI) has, by an order dated July 7, 2022, imposed a monetary penalty of ₹5.72 crore 

RBI 

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.  

RBI 

The Statutory Inspection for Supervisory Evaluation (lSE) of the bank conducted by RBI w 

RBI 

e bank’s financial position as on March 31, 2020 & the subsequent supervisory assessment carried out by RBI 

RBI 

Scrutiny Report and all related correspondence pertaining to the same, revealed, inter alia, non-compliance  

RBI 

Scrutiny Report and all related correspondence pertaining to the same, revealed, inter alia, non-compliance  

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