{"id":27758,"date":"2018-04-12T11:49:12","date_gmt":"2018-04-12T11:49:12","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=27758"},"modified":"2018-04-12T11:49:12","modified_gmt":"2018-04-12T11:49:12","slug":"rbi-imposes-rs-30-million-penalty-on-idbi-bank","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/rbi-imposes-rs-30-million-penalty-on-idbi-bank\/","title":{"rendered":"RBI imposes Rs 30 million penalty on IDBI Bank"},"content":{"rendered":"<p>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.<\/p>\n<p>\u201cThe Reserve Bank of India (RBI) has imposed, through an order dated April 9, 2018, a monetary penalty of Rs 30 million on IDBI Bank Limited (the bank) for non-compliance with the directions issued by RBI on income recognition and asset classification (IRAC) norms,\u201d the central bank said in a statement.<\/p>\n<p>The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to the directions issued by RBI, it added.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>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. \u201cThe Reserve Bank of India (RBI) has imposed, through an order dated April 9, 2018, a monetary penalty of Rs 30 million on [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":27759,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-27758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/27758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=27758"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/27758\/revisions"}],"predecessor-version":[{"id":27760,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/27758\/revisions\/27760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/27759"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=27758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=27758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=27758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}