Tag Archives: 22 Banks VIOLATION

RBI penalises 22 Banks (Fine: Rs.49.505 Crores)

RBI penalises 22 Banks The Reserve Bank of India has imposed monetary penalty on the following 22 banks for violation of its instructions, among other things, on Know Your Customer/Anti Money Laundering. The details are:Monetary Penalty Sl. No. Name of the bank Penalty Amount (in ` crore) 1 Andhra Bank 2.50 2 Bank of Baroda‚Ķ Read More »