 "The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.")
The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.
The government is looking to increase fines for banks that fail to follow regulatory guidelines. Officials believe the current fines are too low to effectively discourage major organizations or those that repeatedly break the rules. To address this, the Centre is open to revising laws, such as the Banking Regulation Act of 1949 and the ...
