VERIFIEDET Finance·22 May 2026neutral

RBI slaps Rs 10.10 lakh penalty on City Union Bank, 2 more entities

AI Summary

·RBI has imposed a penalty of Rs 10.10 lakh on City Union Bank.
·Mintifi Finserve was fined for delayed customer KYC record uploads.
·Newa Investments was penalized for appointing directors without prior RBI approval.