RBI will open a separate enforcement department from April 3 to oversee possible breaches of rules and take punitive actions against those who violate them. <br/><br/>This was stated by Minister of State for Finance Santosh Gangwar in a written reply in Lok Sabha yesterday. He said Enforcement Department will develop a broad policy for enforcement and initiate enforcement action against the regulated entities for violation consistent with<br/>such policy. <br/><br/>He said, the department proposed to be opened on Monday will serve as a centralised wing to deal with banks only for enforcement action.