RBI Penalises Banks and Pine Labs

1 May 2026National

The RBI imposed monetary penalties on Union Bank of India, Central Bank of India, Bank of India and fintech firm Pine Labs for lapses in crediting customer accounts, priority-sector lending and KYC norms.

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RBI's October 2026 MPC Minutes Say Rate Cuts Are Off the Table After the Unanimous Hike to 5.50%

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