RBI imposes penalty on Union Bank of India
RBI has imposed penalty due to deficiency observed during RBI inspection in Currency -Chests
Reserve Bank of India (RBI) has imposed penalty of Rs 1.35 lakh on Union Bank of India. RBI has imposed penalty due to deficiency observed during RBI inspection in Currency -Chests. The bank has taken necessary preventive measures to avoid recurrences of such instances.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.
