22 July 2024


RBI Imposes Rs 27-Crore Penalty on 13 Banks for FEMA Violations - 28.07.2016

Reserve Bank of India (RBI) has penalized 13 banks and slapped a fine of Rs 27 crore for violation of Foreign Exchange Management Act (FEMA) provisions and lapses in Know Your Client (KYC) rules.

Tags : Reserve Bank of India FEMA banks

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