https://www.moneycontrol.com/news/business/rbi-imposes-rs-1-crore-penalty-on-union-bank-of-india-7773761.html
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The RBI inspection revealed non-compliance with rules on classification of an account as red flag account despite presence of early warning signals and also failure to disclose provisioning for Security Receipts (SRs) in its Annual Report, the central bank sa…
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