May 23, 2025 8:29 PM
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RBI Fines Union Bank ₹63.6 Lakh, Lendbox ₹40 Lakh for Regulatory Violations
The Reserve Bank of India (RBI) has levied fines on Union Bank of India and Transactree Technologies Pvt Ltd for breaching regulatory norms. Union Bank was fined 63.60 lakh rupees for failing to transfer eligible funds to the Depositor Education and Awareness Fund and collecting collateral on small ...