{"id":41530,"date":"2018-09-08T10:54:22","date_gmt":"2018-09-08T10:54:22","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=41530"},"modified":"2018-09-08T10:54:22","modified_gmt":"2018-09-08T10:54:22","slug":"rbi-fines-three-psu-banks-rs-1-crore-each","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/rbi-fines-three-psu-banks-rs-1-crore-each\/","title":{"rendered":"RBI fines three PSU banks Rs 1 crore each"},"content":{"rendered":"<p>The Reserve Bank of India has imposed a Rs 1 crore penalty each on Union Bank of India, Bank of India and Bank of Maharashtra for failing to detect and report fraud on time.<\/p>\n<p>The penalty was imposed \u201cfor contravention of instructions contained in Master Circular on Fraud \u2013 Classification and Reporting issued by RBI\u201d, taking into account delay on the part of the banks to detect and report fraud, the RBI said.<\/p>\n<p>\u201cThis is to inform that the Reserve Bank advised the bank to pay a penalty of Rs one crore on account of \u2018violation of RBI guidelines on Frauds- Classification and Reporting\u2019 in the accounts of Winsome Diamond and Jewellery Ltd and Forever Precious Diamond and Jewellery Ltd. The penalty is required to be paid within 14 days of receipt of this order,\u201d Bank of India said.<\/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 Reserve Bank of India has imposed a Rs 1 crore penalty each on Union Bank of India, Bank of India and Bank of Maharashtra for failing to detect and report fraud on time. The penalty was imposed \u201cfor contravention of instructions contained in Master Circular on Fraud \u2013 Classification and Reporting issued by RBI\u201d, [&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":41531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-41530","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\/41530","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=41530"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/41530\/revisions"}],"predecessor-version":[{"id":41532,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/41530\/revisions\/41532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/41531"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=41530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=41530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=41530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}