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RBI Imposes Penalties on UCO Bank and Cent Bank Home Finance Ltd

Kumari Sonali

RBI Imposes Penalties on UCO Bank and Cent Bank Home Finance Ltd:

The Reserve Bank of India (RBI) has levied penalties on two financial entities for regulatory non-compliance. UCO Bank has been fined Rs 2.68 crore for violating provisions related to current account openings, deposit interest rates, and fraud classification.

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