RBI imposes monetary penalty on Co-operative Bank in Odisha
RBI fines Sundargarh District Central Co-operative Bank, Odisha Rs 3 lakh for regulatory breaches. Violations include Banking ...
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RBI Warns Action Against Banks Failing KYC Compliance
The Reserve Bank of India (RBI) has asked banks to follow know your customer (KYC) guidelines with both accuracy and empathy ...
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RBI Won't Hesitate To Take Action If KYC Norms Flouted: Deputy Governor Swaminathan
The Reserve Bank of India is focused on plugging gaps in the know-your-customer norms by introducing stringent rules and ...
The collateral damage in RBI’s crackdown on loan frenzy, KYC
RBI has been turning up the heat to strictly enforce KYC guidelines, which mandate banks and other lenders to ask for proofs ...
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RBL Bank Fined Rs 61 Lakh By RBI For Not Complying With KYC Rules
The action comes days after RBI Deputy Governor Swaminathan J told bank boards to ensure that the KYC norms are followed amid ...
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RBI Slaps Rs8.35 Lakh Penalty on 4 Cooperative Banks from Gujarat, 1 from Odisha
Reserve Bank of India (RBI) has imposed a penalty of Rs8.35 lakh on five cooperative banks, including four from Gujarat and one from Odisha, for non-compliance with the directions issued by the ...
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RBI Gov Das Stresses On Price Stability As Key To Economic Planning And Growth
Das highlighted the delicate balancing act required to manage inflation and growth ... ensuring that monetary policy remains ...
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RBI Unveils New Framework for FPI to FDI Reclassification
The Reserve Bank of India has introduced an operational framework allowing foreign portfolio investors to reclassify their investments as foreign direct investment if the prescribed limit is breached.