![RBI imposes fine on four public sector banks for violating KYC norms](https://www.gkseries.com/blog/wp-content/uploads/thumbs_dir/RBI-oa9jiwedlnfixpispj1cf588e6jtt1zfgn9b1mrn34.jpg)
The Reserve Bank of India (RBI) has imposed penalties ranging between Rs 25-50 lakhs on four state-run lenders for violating Know Your Customer (KYC) norms and anti-money laundering standards. Punjab National Bank, Allahabad Bank, and UCO Bank were fined Rs 50 lakh each while Corporation Bank ...
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