RBI Imposes Penalty Of Rs 90.92 Lakh On Axis Bank For Flouting Several Norms
Axis bank failed to preserve records pertaining to the identification of customers and their addresses in certain cases.
Source: india.com
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RBI slaps Rs 91L fine on Axis Bank for breach of norms
Reserve Bank of India (RBI) on Thursday said that it has imposed a penalty of Rs 90.93 lakh on Axis Bank for breach of norms.The breach relates to directions issued by RBI on Know Your Customer (KYC) norms, 'Loans and Advances â€" Statutory ...
Source: prokerala.com
RBI Imposes Rs 90.92 Lakh Penalty on Axis Bank, Rs 42.78 Lakh Fine on Manappuram Finance
RBI Imposes Rs 90.92 Lakh Penalty on Axis Bank, Rs 42.78 Lakh Fine on Manappuram Finance for non-compliance with rules
Source: news18.com
RBI imposes monetary penalty of Rs 90 lakh on Axis Bank for non-compliances
This penalty has been imposed in the exercise of powers vested in RBI conferred under the provisions of Section 47 A (1); said RBI.
Source: moneycontrol.com
axis bank: RBI slaps fines on Axis Bank, Manappuram Finance
The Reserve Bank of India (RBI) has levied a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram Finance for non-compliance with specific directions of the banking sector regulator. This penalty is attributed to the violation of guidelines outlined by the RBI on various aspects, as detailed in the 'Reserve Bank of India (KYC) Directions, 2016.
Source: indiatimes.com