A penalty of Rs 50 lakh has been imposed on Deutsche Financial institution AG, India for non-compliance with sure instructions on ‘Creation of a Central Repository of Massive Widespread Exposures-Throughout Banks’, the RBI mentioned.
In one other assertion, it mentioned a penalty of Rs 29.60 lakh has been imposed on Sure Financial institution for non-compliance with sure instructions issued by RBI on ‘Monetary Statements Presentation and Disclosures’.
In each circumstances, the RBI mentioned the penalties are based mostly on deficiencies in regulatory compliance and never supposed to pronounce upon the validity of any transaction or settlement entered into by the banks with their prospects.
Additional, imposition of financial penalty is with out prejudice to some other motion which may be initiated by RBI towards the banks, it added.
