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The penalties are based on the deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the lenders with their customer
Bank of Baroda, a public sector lender and the majority shareholder holding around 98% of Nainital Bank, is expected to divest its entire stake
Mumbai-based BoB had taken over Nainital Bank in 1973 on the directions of the Reserve Bank of India
Eligible candidates can apply for jobs at Nainital Bank till July 14. All you need to know about Nainital Bank recruitment 2019