Canara Bank announced that In exercise of powers vested in RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949 and section 25(1)(iii) read with section 23(4) of the Credit Information Companies (Regulation) Act, 2005, the RBI has, by an order dated February 6th, 2024, imposed a monetary penalty of INR 3.230 million Canara Bank for non-compliance with certain directions issued by RBI. Name of the authority is Reserve Bank of India. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: February 26, 2024.