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…
Union Bank of India cuts rates on agriculture loans
The Union Bank of India on July 5, 2012 announced a cut in the interest rates of for the various categories under agriculture. The interest rates have been cut by up to 175 basis points so as to boost the…