Wednesday, July 3, 2019

RBI imposes Monetary Penalty on Four Banks

The Reserve Bank of India ( RBI ) has, by an order dated June 25, 2019, imposed monetary penalty on four banks for non-compliance with certain provisions of directions issued by RBI on Know Your Customer (KYC) norms / Anti Money Laundering (AML) Standards and Opening of Current Accounts, as detailed below: Sl. No. Name […]

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