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The RBI on Friday said it has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance. A penalty of Rs 70 lakh has also been imposed on Bank of India for non-compliance with certain provisions of KYC norms and instructions on ‘compliance function in banks&r
RBI imposes Rs 5.72 crore penalty on Federal Bank Limited
RBI imposes fine on Bank of India for violation of KYC related regulations
A penalty of Rs 70 lakh has also been imposed on Bank of India for non-compliance with certain provisions of Know Your Customer, , bank of india, reserve bank of india, federal bank
The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 70 lakh on the Bank of India for violation of Know Your Customer (KYC) re