Search result for 'kyc violations'

The Reserve Bank of India has imposed a Rs 1 lakh penalty on Magadh Central Co-operative Bank for failing to comply with KYC guidelines. The bank did not conduct periodic reviews of customer risk...

The Reserve Bank of India (RBI) has imposed a penalty of Rs 66.6 lakh on The Hongkong and Shanghai Banking Corporation for non-compliance with KYC and interest rate regulations.

The Reserve Bank of India has penalized Manappuram Finance Rs 20 lakh for failing to comply with Know Your Customer (KYC) norms, citing non-verification of PAN details and multiple identification...

The Reserve Bank of India has imposed a Rs 1.31 crore penalty on Punjab National Bank for non-compliance with KYC and loan-related regulations. The penalty was imposed following a statutory...

Reserve Bank of India bans Paytm Payments Bank due to money laundering concerns and non-compliance with KYC regulations. The bank is barred from accepting deposits and conducting credit transactions.

RBI has banned Paytm Payments Bank from taking deposits and conducting transactions due to concerns over money laundering and KYC non-compliance. The move comes after investigations by the ED and a...