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DCB Bank Limited ( (IN:DCBBANK) ) has provided an update.
DCB Bank Limited has received an order from the Reserve Bank Integrated Ombudsman in Bhubaneswar, directing the bank to reverse Rs. 30,00,000 to a complainant’s loan account and pay an additional Rs. 1,00,000 as compensation for service deficiencies. The order highlights significant operational lapses and deficiencies in the bank’s internal controls and compliance mechanisms. The bank is considering filing an appeal against this decision, which could impact its financial and operational activities.
More about DCB Bank Limited
DCB Bank Limited operates in the banking industry, providing a range of financial services. The bank is headquartered in Mumbai, India, and is listed on major stock exchanges such as BSE and NSE.
Average Trading Volume: 101,356
Technical Sentiment Signal: Hold
Current Market Cap: 40.5B INR
For detailed information about DCBBANK stock, go to TipRanks’ Stock Analysis page.