New Delhi-The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 30 million on Citibank NA India (the bank) for deficiencies in compliance with the RBI instructions on Fit and Proper criteria for directors of banks. This penalty has been imposed in taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI.This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.