Tag: asset classification norms

RBI imposes Rs 30 mn penalty on IDBI Bank

The RBI on Wednesday said it has imposed a penalty of Rs 30 million on IDBI Bank for non-compliance with the directions issued by it on income recognition and asset classification norms. “The Reserve Bank of India (RBI) has imposed, through an order dated April 9, 2018, a monetary penalty of Rs 30 million on …

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April 11, 2018