by newsworm | Dec 5, 2024 | Banking, Canara Bank, Oriental Bank of Commerce, RBI
Canara Bank has secured approval from the Reserve Bank of India (RBI) for divesting its stakes in the life insurance and mutual fund businesses. The bank is planning to sell its stakes in Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (HOBESCO... by newsworm | Nov 21, 2024 | Banking, Oriental Bank of Commerce, RBI, Union Bank of India
The Reserve Bank of India (RBI) has imposed penalties on several banks, including CSB Bank, Union Bank of India, and others, for various regulatory lapses. CSB Bank was slapped with a penalty of Rs 1 crore (approximately $13,700) for non-compliance with norms related...