RBI fines Canara Bank Rs 41.8 lakh
Business
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RBI fines Canara Bank Rs 41.8 lakh

NDTV Profit··6 Jun

The Reserve Bank of India imposed a Rs 41.8 lakh penalty on Canara Bank for non-compliance with certain provisions, including Know Your Customer norms. RBI said the bank did not upload KYC records of certain customers to the Central KYC Records Registry within the prescribed timeline.

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