Reserve Bank of India has imposed a penalty of Rs 59 lakh on the Korean bank, KEB Hana Bank for non-compliance with the certain norms related to ‘interest rate on deposits. The Korean bank has been penalised for non-compliance with the directions issued by RBI on ”Reserve Bank of India (Interest Rate on Deposits) Directions, 2016”.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The statutory inspection for supervisory evaluation of KEB Hana Bank was conducted by RBI with reference to its financial position as on March 31, 2020. RBI, however, said the penalty 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.
UN Day is celebrated each year on 24 October in recognition of the date on…
The Punjab government reportedly launched SANGAT Mental Health Clubs in 40 colleges on 22 October…
Indian para-badminton players Nitesh Kumar and Naveen Sivakumar reportedly won men’s singles gold medals at…
Greece’s Parliament reportedly approved legislation on 23 October 2026 to prohibit children under 15 from…
A Kochi-based architecture student won the 28th Charles Correa Gold Medal in Mumbai on October…
Ameena Nazreen A S received a US$500 cash award at the Global Youth Institute on…