THE CENTRAL bank has imposed a P1-billion fine on Rizal Commercial Banking Corp. (RCBC) in connection with the Yuchengco-led bank’s involvement in the $81-million Bangladesh Bank heist.

The policy-making Monetary Board (MB) approved the “supervisory enforcement action” on RCBC following a special examination, the Bangko Sentral ng Pilipinas (BSP) said in a statement.