'%3e%3cpath%20id='Vector'%20d='M5.99996%204.07861V5.41195H10.3933L2.66663%2013.1386L3.60663%2014.0786L11.3333%206.35195V10.7453H12.6666V4.07861H5.99996Z'%20fill='black'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_2043_42480'%3e%3crect%20width='16'%20height='16'%20fill='white'%20transform='translate(0%200.745117)'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e)
'%3e%3cpath%20id='Vector'%20d='M13.334%203.95562L12.394%203.01562L4.66732%2010.7423V6.34896H3.33398V13.0156H10.0007V11.6823H5.60732L13.334%203.95562Z'%20fill='black'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_2043_63448'%3e%3crect%20width='16'%20height='16'%20fill='white'%20transform='translate(0%200.349121)'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e)
Published 20:12 IST, August 23rd 2024
Monetary penalty by RBI is negligible compared to Bank’s size: Union Bank of India
The bank has responded to the RBI penalty via a stock exchange filing.
- Economy
- 1 min read
UBI on RBI penalty: Reacting to the penalty imposed by the Reserve Bank of India on the Union Bank of India, the bank has responded by saying when compared to its size, the penalty is negligible, according to the stock exchange filing.
“In compliance with Regulation 30(4) read with Schedule III, Part- A para 20(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with our aforementioned letter this is to inform that, monetary penalty imposed by RBI is negligible considering the business size of the Bank and it has no material impact on financial operation or other activities of the Bank,” the bank stated in a BSE filing.
(This is a developing Story)
Updated 21:45 IST, August 23rd 2024