RBI imposes penalty on Bank of India, Bandhan Bank
The RBI has imposed penalties on Bank of India, Bandhan Bank, and Indostar Capital Finance Ltd for non-compliance with regulatory norms. Bank of India was fined for violating directions on interest rates, customer service, and Credit Information Companies Rules, 2006. Bandhan Bank and Indostar Capital Finance Ltd were penalized for non-compliance with certain directions.
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