- The Reserve Bank of India (RBI) has fined 4 government companies for late reporting of overseas investments.
- These companies include ONGC Videsh Limited (OVL), Indian Oil Corporation Limited, GAIL (India) Limited and Oil India Limited.
- These four companies will have to pay Late Submission Fee (LSF) of Rs 2000 crore. This means that a fine of 500-500 crores has been imposed on each company.
Reserve Bank of India (RBI) fined four government companies for late reporting of overseas investments
ByTeam Current Hunt
Aug 8, 2023