![RBI imposes penalties on Federal Bank and Bank of India](https://www.gkseries.com/blog/wp-content/uploads/thumbs_dir/download-2022-07-11T132310.053-prlkfv4tgz1r5q073sd4hxwwnzil3aro8bcgdd0tr4.jpg)
RBI has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance and Rs 70 lakh on Bank of India for non-compliance with certain provisions of Know Your Customer (KYC) norms and instructions on 'compliance function in banks' issued ...
READ MORE +