RBI Ombudsman Orders DCB Bank to Reverse ₹30 Lakh and Pay Compensation

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has been directed by the RBI Integrated Ombudsman at Bhubaneswar to reverse ₹30 lakh to a complainant’s loan account and pay ₹1 lakh as compensation for mental agony and harassment. The order cited gross operational lapses and serious deficiencies in the bank’s internal controls after it failed to reconcile contradictions or provide a credible investigation report. DCB Bank stated it is exploring an appeal against the order.