{"id":56464,"date":"2019-03-05T11:45:52","date_gmt":"2019-03-05T11:45:52","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=56464"},"modified":"2019-03-05T11:45:54","modified_gmt":"2019-03-05T11:45:54","slug":"rbi-slaps-rs-8-cr-fine-on-3-banks-for-violating-norms","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/rbi-slaps-rs-8-cr-fine-on-3-banks-for-violating-norms\/","title":{"rendered":"RBI slaps Rs 8-cr fine on 3 banks for violating norms"},"content":{"rendered":"\n<p>NEW DELHI<br> The RBI has imposed a total monetary fine of Rs 8 crore on three banks Karnataka Bank, United Bank of India and Karur Vysya Bank for non-compliance of directions on Swift messaging software. While a fine of Rs 4 crore fine was imposed on Karnataka Bank, United Bank is facing a penalty of Rs 3 crore. The regulator has levied Rs 1crore fine on Karur Vysya Bank. Swift is the global messaging software used for transactions by the financial entities. The massive Rs 14,000 crore fraud at the PNB was a case of misuse of this messsaging software. Post the PNB fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kind of their transactions.<\/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>NEW DELHI The RBI has imposed a total monetary fine of Rs 8 crore on three banks Karnataka Bank, United Bank of India and Karur Vysya Bank for non-compliance of directions on Swift messaging software. While a fine of Rs 4 crore fine was imposed on Karnataka Bank, United Bank is facing a penalty of [&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":56465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-56464","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\/56464","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=56464"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/56464\/revisions"}],"predecessor-version":[{"id":56466,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/56464\/revisions\/56466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/56465"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=56464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=56464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=56464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}