Reserve Bank of India imposes monetary penalty on UCO Bank
Reserve Bank of India imposes monetary penalty on UCO Bank The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹38.60 lakh (Rupees Thirty Eight Lakh Sixty Thousand only) on UCO Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Periodicity of payment of interest on savings deposits’, ‘Locker Rent’…