Last Updated : Mar 25 2019 10:17PM     Screen Reader Access
News Highlights
BJP terms Congress’s minimum income promise as bluff            Filing of nominations for 1st phase of LS polls ends            NCP releases manifesto for Lok Sabha polls            SC issues notice to CBI in case against Mulayam, sons            IPL: Rajasthan win toss, opt to field against Punjab           

Business News

Feb 13, 2019
7:42AM

RBI penalises banks for violating various norms

File Pic:PTI
Reserve Bank has imposed monetary penalty of two million rupees each on HDFC Bank, IDBI Bank and Kotak Mahindra Bank for non-compliance of various Know Your Customer/ Anti-Money Laundering norms.

In a statement issued from Mumbai yesterday, RBI informed that it has imposed monetary penalty of 1.5 Crore rupees each on Allahabad Bank, Bank of Maharashtra and Indian Overseas Bank for non-compliance of norms related to monitoring end use of funds, exchange of information, classification and reporting of frauds and on restructuring of accounts.

A penalty of 1 crore rupees was imposed on Andhra Bank for the same reason.

The central bank clarified that the action is purely based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction by the banks with their customers.

Live Twitter Feed

Listen News

Morning News 25 (Mar) Midday News 25 (Mar) News at Nine 25 (Mar) Hourly 25 (Mar) (2000hrs)
समाचार प्रभात 25 (Mar) दोपहर समाचार 25 (Mar) समाचार संध्या 25 (Mar) प्रति घंटा समाचार 25 (Mar) (2200hrs)
Khabarnama (Mor) 25 (Mar) Khabrein(Day) 25 (Mar) Khabrein(Eve) 25 (Mar)
Aaj Savere 25 (Mar) Parikrama 25 (Mar) Lok Ruchi Samachar 24 (Mar)

Listen Programs

Market Mantra 25 (Mar) Samayki 25 (Mar) Sports Scan 25 (Mar) Spotlight/News Analysis 25 (Mar)
    Public Speak

    Country wide 21 (Mar) Surkhiyon Mein 21 (Mar) Charcha Ka Vishai Ha 20 (Mar) Vaad-Samvaad 19 (Mar) Money Talk 19 (Mar) Current Affairs 22 (Mar)