The central bank has been very active in penalising banks for non-compliance of several RBI rules with the major ones including violation of under-reporting or divergence in classification of non-performing assets (NPAs) and KYC norms.RBI imposes penalty of Rs 5 crore on Federal Bank for violation of data reporting, KYC and customer complaint norms
The central bank has been very active in penalising banks for non-compliance of several RBI rules with the major ones including violation of under-reporting or divergence in classification of non-performing assets (NPAs) and KYC norms.
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