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 3.00 3 Bank of India… Read More

Tags: Andhra Bank, Central Bank of India, India, ING Vysya Bank, Kotak Mahindra Bank, KYC, Reserve Bank of India, The Bank of Tokyo-Mitsubishi UFJ