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flag The Reserve Bank of India fined Bank of India ₹1.4 crore and Bandhan Bank ₹29.55 lakh for regulatory non-compliance.

flag The Reserve Bank of India has fined Bank of India ₹1.4 crore and Bandhan Bank ₹29.55 lakh for non-compliance with specific regulatory norms. flag The penalties are due to deficiencies in regulatory compliance and do not affect the validity of transactions or agreements entered into by the institutions with their customers. flag Bank of India was penalized for not adhering to the RBI's directions on interest rates for deposits and advances, customer service, and contravening provisions of Credit Information Companies Rules, 2006. flag Bandhan Bank was fined for non-compliance with certain RBI directions.

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