Business

RBI slaps penalties on 7 banks for violation of norms

RBI slaps penalties on 7 banks for violation of norms The Reserve Bank further said Rs 20 lakh fine each on HDFC Bank, IDBI Bank and Kotak Mahindra Bank for non-compliance with various directions on Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards.

from Moneycontrol Business News
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