Tag: KYC norms

Reserve Bank of India fines HDFC Bank Rs 1 crore for violation of KYC norms

NEW DELHI: Reserve Bank of India (RBI) on Tuesday fined country’s largest private sector lender HDFC Bank Rs 1 crore for not reporting frauds and non-compliance with other directions. The fine pertains to submission of forged bill of entries (BoEs) by certain importers to HDFC Bank for remittance of foreign currency, the RBI said. “Examination […]

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