Tag: KYC

RBI imposes Monetary Penalty on Krishna Mercantile Co-operative Bank

Newsroom24x7 Desk Mumbai: The Reserve Bank of India has imposed a monetary penalty of  Rs. 5 lakh on the Krishna Mercantile Co-operative Bank Ltd. of Bhopal. RBI has imposed the fine on Krishna Mercantile Co-operative Bank under powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of Banking Regulation Act, 1949 (As Applicable to

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