Tag: Know Your Customers

Co-op bank of Bettiah (Bihar) penalized

Co-op bank of Bettiah (Bihar) penalized

| March 27, 2014 | 0 Comments

The Reserve Bank of India has imposed a monetary penalty of Rupees five lakh on National Central Co-operative Bank, Bettiah in Bihar. The cooperative bank was faulted for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines. The Reserve Bank of India had issued a show cause notice to the bank […]

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