Economic Signal — India's central bank has fined Bank of Baroda 63.6 lakh rupe — OpenWatch

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Economic Signal — India's central bank has fined Bank of Baroda 63.6 lakh rupe — OpenWatch

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Economicupdate🇮🇳IndiaJuly 3, 2026

India's central bank has fined Bank of Baroda 63.6 lakh rupees for overcharging interest on loans and failing to timely register customer KYC records, with a separate penalty issued to GIC Housing Finance Ltd for similar compliance lapses.

Severity: 2.5/10Source: Business StandardLocation: null, null

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