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The Reserve Bank of India (RBI) said it had conducted a statutory inspection for supervisory evaluation of the bank with reference to its financial position as of March 31, 2025.

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The Reserve Bank of India (RBI) said it had conducted a statutory inspection for supervisory evaluation of the bank with reference to its financial position as of March 31, 2025. The penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction.

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