GeriRBI Fines City Union Bank, Mintifi Finserve, Newa Investments for Non-Compliance

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Economic Times22.05.2026BusinessIndia

RBI Fines City Union Bank, Mintifi Finserve, Newa Investments for Non-Compliance

Reserve Bank of India RBI City Union Bank

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The Reserve Bank of India has fined City Union Bank (Rs 10.10 lakh) for incorrect loan charges and data reporting, Mintifi Finserve (Rs 3.10 lakh) for delayed KYC uploads, and Newa Investments (Rs 2.70 lakh) for appointing directors without RBI approval.

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KonularRBI City Union Bank Mintifi Finserve Newa Investments monetary penalty non-compliance

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