RBI penalises J&K Bank, Bank of India, Canara Bank

The RBI imposed penalties on Jammu and Kashmir Bank (₹3.31 crore) for violations related to financial inclusion, KYC, and loans; Bank of India (₹1 crore) for breaches of the Banking Regulation Act; Canara Bank (₹1.63 crore) for lapses in priority sector lending and deposits; and Datson Exports (₹1 lakh) for outsourcing non-compliance.