Axis Bank\, Syndicate Bank\, UCO Bank Penalised By RBI

Axis Bank, Syndicate Bank, UCO Bank Penalised By RBI

The Reserve Bank of India imposed a penalty of Rs 2 crore each on UCO Bank and Axis Bank for non-compliance with an earlier circular.

Corporates | | Updated: February 06, 2019 08:54 IST
Axis Bank, Syndicate Bank, UCO Bank Penalised By RBI

The penalties imposed by the RBI were over deficiencies in complying with different regulatory norms