MANU/RPRL/0184/2016
Ministry : Reserve Bank of India
Department/Board : RBI
Press Release No. : 2016-2017/241
Date : 27.07.2016
RBI penalises 13 Banks for violating KYC Norms
The Reserve Bank of India has imposed monetary penalty on the following banks for violation of regulatory directions / instructions / guidelines, among other things, on KYC norms. The details of the penalty are:
S. No.
|
Name of the bank
|
Penalty Amount (in
`
million)
|
1.
|
Allahabad Bank
|
20
|
2.
|
Bank of India
|
10
|
3.
|
Bank of Baroda
|
50
|
4.
|
Canara Bank
|
20
|
5.
|
Corporation Bank
|
10
|
6.
|
|