Mumbai: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bank of Maharashtra for deficiencies in regulatory compliance. According to the RBI, the fine was imposed by an order dated January 4, 2019 “for non-compliance with ‘Master Directions on Frauds-Classification and Reporting’ dated[Read More…]
Tag: Bank Of Maharashtra
Bank Of Maharashtra closes 51 branches to cut costs
Pune (Maharashtra): Public sector bank, Bank Of Maharashtra (BoM) has announced the closure of 51 branches across the country as part of cost-cutting measures being implemented in the banking industry, an official said on Wednesday. All the branches were in urban centres and have been identified for the action as[Read More…]