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Tamil Nadu CM announces financial assistance to family of Surjeeth, conveys condolences
RBI imposes Rs 35 lakh penalty on TMB
Published on October 29, 2019
The Reserve Bank has imposed a penalty of Rs 35 lakh on Tamilnad Mercantile Bank for violating norms on frauds 
classification and notification.
The RBI said in a release that it imposed the fine via an order dated October 24, 2019.
It stated that the bank has been penalised for non-compliance with certain provisions of directions issued by RBI on frauds classification and reporting by commercial banks and select FIs directions 2016.
