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RBI imposes Rs 57.75-lakh penalty on Suryoday Small Finance Bank

"This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon validity of any transaction or agreement entered into by the bank with its customers," RBI said

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Suryoday Small Finance Bank | RBI

BS Reporter 



Mumbai: A security personal outside Reserve Bank of India (RBI) headquarters, in Mumbai, Wednesday, June 8, 2022. (PTI Photo
Mumbai: A security personal outside Reserve Bank of India (RBI) headquarters, in Mumbai (PTI Photo

The (RBI) has imposed a penalty of Rs 57.75 lakh on Bank for non-compliance with norms related to fraud classification.

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First Published: Sat, July 23 2022. 00:25 IST

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