Bank Negara fines local banks for e-banking service outages

KUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed administrative monetary penalties on Malayan Banking Bhd (Maybank) and CIMB Bank Bhd for e-banking service outages that occurred in June and April, respectively.

In separate statements, the central bank said Maybank was fined RM4.32mil for the unplanned downtime while CIMB was fined RM760,000, on July 29.