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BRIEF-India cenbank fines Lakshmi Vilas Bank for violation of rules
January 6, 2017 / 3:13 PM / 10 months ago

BRIEF-India cenbank fines Lakshmi Vilas Bank for violation of rules

Jan 6 (Reuters) - Reserve Bank of India

* Imposes monetary penalty on Lakshmi Vilas Bank

* Imposed a penalty of 30 million rupees ($440,996)on Lakshmi Vilas Bank

* Penalty on Lakshmi Vilas for contravention of instructions relating to opening and operation of current accounts, extending bill discounting facilities to non-constituents and walk-in customer Source text for Eikon: bit.ly/2ijOoGb Further company coverage: ($1 = 68.0278 Indian rupees) (Mumbai Newsroom)

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