RBI Slaps Rs.1-crore fine on this bank which is failed to automate the – InterviewSolution

InterviewSolution

1.	RBI Slaps Rs.1-crore fine on this bank which is failed to automate the non-performing asset.
Answer» The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs1 crore on Nainital Bank for its failure to fully automate the non-performing asset (NPA) identification process, despite specific directions issued in this regard.

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