Posted inRBI Announcements
RBI Fines Muthoot Vehicle Finance for KYC Lapse
RBI has imposed a ₹2.70 lakh KYC penalty on Muthoot Vehicle and Asset Finance Limited for failing to review account risk categorisation periodically.
Posted inRBI Announcements
RBI Fines Bank of Baroda ₹63.60 Lakh
RBI imposes ₹63.60 lakh penalty on Bank of Baroda for KYC violations and overcharging interest on loans.
Posted inRBI Announcements
RBI Fines GIC Housing Finance for KYC Lapse
RBI penalises GIC Housing Finance ₹3.10 lakh for failing to maintain periodic KYC risk categorisation reviews of customer accounts.
Posted inRBI Announcements
RBI Fines Nabapalli Cooperative Bank ₹3 Lakh
RBI imposes ₹3 lakh KYC penalty on Nabapalli Cooperative Bank, West Bengal for failing to upload customer records to CKYCR on time.