RBI slaps Rs 5 cr fine on Bank of Baroda over multi-crore fund irregularity

RBI slaps Rs 5 cr fine on Bank of Baroda over multi-crore fund irregularity

Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 crore ($754,000) on Bank of Baroda (BoB) for irregularities in anti-money laundering (AML) provisions that came to light in October 2015, the public sector lender said here on Monday.

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