{"id":40240,"date":"2024-08-12T19:05:42","date_gmt":"2024-08-12T19:05:42","guid":{"rendered":"https:\/\/thenftimes.com\/index.php\/2024\/08\/12\/rbi-imposes-penalties-on-csb-bank-union-bank-muthoot-housing-others-for-violations-n-f-times\/"},"modified":"2024-08-12T19:05:43","modified_gmt":"2024-08-12T19:05:43","slug":"rbi-imposes-penalties-on-csb-bank-union-bank-muthoot-housing-others-for-violations-n-f-times","status":"publish","type":"post","link":"https:\/\/thenftimes.com\/index.php\/2024\/08\/12\/rbi-imposes-penalties-on-csb-bank-union-bank-muthoot-housing-others-for-violations-n-f-times\/","title":{"rendered":"RBI Imposes Penalties on CSB Bank, Union Bank, Muthoot Housing &#038; Others for Violations &#8211; N.F Times"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><strong>Mumbai:<\/strong> The Reserve Bank of India on Monday levied penalties on five entities, including CSB Bank, Union Bank of India, and Muthoot Housing Finance, for violating various regulatory guidelines.<\/p>\n<p>CSB Bank faced a penalty of Rs 1.86 crore for failing to adhere to the RBI\u2019s directions regarding \u2018Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks\u2019 and the \u2018Master Circular on Branch Authorization\u2019.<\/p>\n<p>Additionally, the RBI imposed a penalty of Rs 1.06 crore on Union Bank of India for not complying with the norms related to the \u2018Creation of a Central Repository of Large Common Exposures \u2013 Across Banks\u2019 and \u2018Know Your Customer (KYC)\u2019 regulations.<\/p>\n<\/div>\n<p>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Mumbai: The Reserve Bank of India on Monday levied penalties on five entities, including CSB Bank, Union Bank of India, and Muthoot Housing Finance, for violating various regulatory guidelines. CSB Bank faced a penalty of Rs 1.86 crore for failing to adhere to the RBI\u2019s directions regarding \u2018Guidelines on Managing Risks and Code of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":33916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-40240","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/07\/rbi.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/40240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=40240"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/40240\/revisions"}],"predecessor-version":[{"id":40241,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/40240\/revisions\/40241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/33916"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=40240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=40240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=40240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}