RBI imposes Rs 27.5 lakh penalty on Dhanlaxmi Bank: 

Reserve bank of India

The Reserve Bank of India (RBI) on August 23 imposed a monetary penalty of Rs 27.50 lakh on Kerala-based private sector lender Dhanlaxmi Bank for various rule violations.

The Statutory Inspection for Supervisory Evaluation (ISE) of the bank was conducted by RBI with reference to its financial position as of March 31, 2020.

Dhanlaxmi Bank was quoting at Rs 14.45, up Rs 0.25, or 1.76 percent on the BSE.

News Source:- Moneycontrol

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