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RBI penalises Bank of Bahrain & Kuwait BSC; 20 co-operative banks

NEWSROOM by NEWSROOM
January 25, 2023
in ENTERTAINMENT
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MUMBAI: The Reserve Bank on Monday said it has imposed a penalty of Rs 2.66 crore on Bank of Bahrain & Kuwait BSC, India operations for non-compliance with directions on cyber security framework.
The Reserve Bank of India (RBI) also imposed penalty on 20 co-operative banks, including 17 from Gujarat for contravention of various norms.
In a statement, RBI said the Bank of Bahrain & Kuwait BSC, India operations failed to implement systems to…



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Tags: bank of bahrain & kuwait bscBusiness newsco-operative banksdelhi state cooperative bankrbiReserve Bank of India
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