RBI Fines Top Banks For Failing KYC Norms
If you haven’t complied with KYC requirements attached to your bank account, your bank may have just suffered the consequences. In a serious move, the Reserve Bank of India (RBI) has cracked the whip on some of the top banks…
Rs. 15 lakh fine imposed by IRDA on IndusInd Bank
A penalty of ₹15 lakh has been imposed on the Indusind Bank by the Insurance Regulatory and Development Authority. The penalty was imposed for violating corporate agency norms. The lender of the private sector is a corporate agent of the…