
RBI fines The Nainital Bank Ltd for non-compliance of its certain directions
New Delhi, Feb 14 (UNI) The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 61.40 lakh on The Nainital Bank Limited for non-compliance with certain directions issued by RBI on ‘Interest Rate on Advances’ and ‘Customer Service in Banks’. According to RBI, the bank did not benchmark certain floating rate loans…