{"id":2047,"date":"2023-11-25T08:50:10","date_gmt":"2023-11-25T08:50:10","guid":{"rendered":"https:\/\/haqiquatnews.com\/new\/?p=2047"},"modified":"2023-11-25T08:51:13","modified_gmt":"2023-11-25T08:51:13","slug":"rbi-panalise-10-34-crore-on-citi-bank-bank-of-baroda-indian-overseas-bank-for-non-compliance","status":"publish","type":"post","link":"https:\/\/haqiquatnews.com\/english\/?p=2047","title":{"rendered":"RBI panalise 10.34 Crore on Citi Bank Bank of Baroda, Indian Overseas Bank for non-compliance"},"content":{"rendered":"<p>Indian Overseas Bank was slapped with a \u20b91 crore fine for contravention of directions concerning loans and advances.The Reserve Bank on Friday imposed penalties totalling \u20b910.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms.<br \/>\nThe highest penalty of \u20b95 crore has been imposed on Citibank NA for non-compliance of norms related to depositor education and awareness fund scheme, and code of conduct on outsourcing of financial services, the RBI said in a statementA fine of \u20b94.34 core was imposed on the state-owned Bank of Baroda for violation of certain directions related to the creation of a central repository of large common exposures, and others, another release said.<\/p>\n<p>Chennai-based public sector lender Indian Overseas Bank was slapped with a \u20b91 crore fine for contravention of directions concerning loans and advances.<\/p>\n<p>In all three cases, the Reserve Bank of India said, penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with\u00a0their\u00a0customers<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Overseas Bank was slapped with a \u20b91 crore fine for contravention of directions concerning loans and advances.The Reserve Bank on Friday imposed penalties totalling \u20b910.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms. The highest penalty of \u20b95 crore has been imposed on Citibank NA for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":["post-2047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI panalise 10.34 Crore on Citi Bank Bank of Baroda, Indian Overseas Bank for non-compliance - New Haquiat News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/haqiquatnews.com\/english\/?p=2047\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI panalise 10.34 Crore on Citi Bank Bank of Baroda, Indian Overseas Bank for non-compliance - New Haquiat News\" \/>\n<meta property=\"og:description\" content=\"Indian Overseas Bank was slapped with a \u20b91 crore fine for contravention of directions concerning loans and advances.The Reserve Bank on Friday imposed penalties totalling \u20b910.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms. The highest penalty of \u20b95 crore has been imposed on Citibank NA for [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/haqiquatnews.com\/english\/?p=2047\" \/>\n<meta property=\"og:site_name\" content=\"New Haquiat News\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-25T08:50:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-25T08:51:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/haqiquatnews.com\/english\/wp-content\/uploads\/2023\/11\/WhatsApp-Image-2023-11-24-at-21.01.57_3d4b5cde.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"933\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nanda Dulal Bhatttacharyya\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nanda Dulal Bhatttacharyya\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/haqiquatnews.com\/english\/?p=2047\",\"url\":\"https:\/\/haqiquatnews.com\/english\/?p=2047\",\"name\":\"RBI panalise 10.34 Crore on Citi Bank Bank of Baroda, Indian Overseas Bank for non-compliance - New Haquiat News\",\"isPartOf\":{\"@id\":\"https:\/\/haqiquatnews.com\/english\/#website\"},\"datePublished\":\"2023-11-25T08:50:10+00:00\",\"dateModified\":\"2023-11-25T08:51:13+00:00\",\"author\":{\"@id\":\"https:\/\/haqiquatnews.com\/english\/#\/schema\/person\/2f6aaaf6a5ae1dee83ecff66bc5123a1\"},\"breadcrumb\":{\"@id\":\"https:\/\/haqiquatnews.com\/english\/?p=2047#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/haqiquatnews.com\/english\/?p=2047\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/haqiquatnews.com\/english\/?p=2047#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/haqiquatnews.com\/english\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBI panalise 10.34 Crore on Citi Bank Bank of Baroda, Indian Overseas Bank for non-compliance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/haqiquatnews.com\/english\/#website\",\"url\":\"https:\/\/haqiquatnews.com\/english\/\",\"name\":\"New Haquiat News\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/haqiquatnews.com\/english\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/haqiquatnews.com\/english\/#\/schema\/person\/2f6aaaf6a5ae1dee83ecff66bc5123a1\",\"name\":\"Nanda Dulal Bhatttacharyya\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/haqiquatnews.com\/english\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/haqiquatnews.com\/english\/wp-content\/uploads\/2023\/11\/nanda-lal.jpg\",\"contentUrl\":\"https:\/\/haqiquatnews.com\/english\/wp-content\/uploads\/2023\/11\/nanda-lal.jpg\",\"caption\":\"Nanda Dulal Bhatttacharyya\"},\"description\":\"Journalist by profession, passion for truthful and ground to earth reporting.\",\"url\":\"https:\/\/haqiquatnews.com\/english\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RBI panalise 10.34 Crore on Citi Bank Bank of Baroda, Indian Overseas Bank for non-compliance - New Haquiat News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/haqiquatnews.com\/english\/?p=2047","og_locale":"en_US","og_type":"article","og_title":"RBI panalise 10.34 Crore on Citi Bank Bank of Baroda, Indian Overseas Bank for non-compliance - New Haquiat News","og_description":"Indian Overseas Bank was slapped with a \u20b91 crore fine for contravention of directions concerning loans and advances.The Reserve Bank on Friday imposed penalties totalling \u20b910.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms. The highest penalty of \u20b95 crore has been imposed on Citibank NA for [&hellip;]","og_url":"https:\/\/haqiquatnews.com\/english\/?p=2047","og_site_name":"New Haquiat News","article_published_time":"2023-11-25T08:50:10+00:00","article_modified_time":"2023-11-25T08:51:13+00:00","og_image":[{"width":1600,"height":933,"url":"https:\/\/haqiquatnews.com\/english\/wp-content\/uploads\/2023\/11\/WhatsApp-Image-2023-11-24-at-21.01.57_3d4b5cde.jpg","type":"image\/jpeg"}],"author":"Nanda Dulal Bhatttacharyya","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Nanda Dulal Bhatttacharyya","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/haqiquatnews.com\/english\/?p=2047","url":"https:\/\/haqiquatnews.com\/english\/?p=2047","name":"RBI panalise 10.34 Crore on Citi Bank Bank of Baroda, Indian Overseas Bank for non-compliance - New Haquiat News","isPartOf":{"@id":"https:\/\/haqiquatnews.com\/english\/#website"},"datePublished":"2023-11-25T08:50:10+00:00","dateModified":"2023-11-25T08:51:13+00:00","author":{"@id":"https:\/\/haqiquatnews.com\/english\/#\/schema\/person\/2f6aaaf6a5ae1dee83ecff66bc5123a1"},"breadcrumb":{"@id":"https:\/\/haqiquatnews.com\/english\/?p=2047#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/haqiquatnews.com\/english\/?p=2047"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/haqiquatnews.com\/english\/?p=2047#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/haqiquatnews.com\/english\/"},{"@type":"ListItem","position":2,"name":"RBI panalise 10.34 Crore on Citi Bank Bank of Baroda, Indian Overseas Bank for non-compliance"}]},{"@type":"WebSite","@id":"https:\/\/haqiquatnews.com\/english\/#website","url":"https:\/\/haqiquatnews.com\/english\/","name":"New Haquiat News","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/haqiquatnews.com\/english\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/haqiquatnews.com\/english\/#\/schema\/person\/2f6aaaf6a5ae1dee83ecff66bc5123a1","name":"Nanda Dulal Bhatttacharyya","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/haqiquatnews.com\/english\/#\/schema\/person\/image\/","url":"https:\/\/haqiquatnews.com\/english\/wp-content\/uploads\/2023\/11\/nanda-lal.jpg","contentUrl":"https:\/\/haqiquatnews.com\/english\/wp-content\/uploads\/2023\/11\/nanda-lal.jpg","caption":"Nanda Dulal Bhatttacharyya"},"description":"Journalist by profession, passion for truthful and ground to earth reporting.","url":"https:\/\/haqiquatnews.com\/english\/?author=2"}]}},"views":11,"_links":{"self":[{"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=\/wp\/v2\/posts\/2047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2047"}],"version-history":[{"count":1,"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=\/wp\/v2\/posts\/2047\/revisions"}],"predecessor-version":[{"id":2050,"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=\/wp\/v2\/posts\/2047\/revisions\/2050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=\/wp\/v2\/media\/2049"}],"wp:attachment":[{"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haqiquatnews.com\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}