RBI Fines Federal Bank and Karur Vysya Bank for Rule Violations: A Comprehensive Overview The Reserve Bank of India (RBI) has imposed significant penalties on two prominent banks, Federal Bank and Karur Vysya Bank, for violations of regulatory norms. This move reflects RBI’s continued efforts to ensure that financial institutions operate with transparency and adhere…
RBI Updates KYC Rules to Enhance Verification and Security In a recent development, the Reserve Bank of India (RBI) has updated its Know Your Customer (KYC) guidelines to improve verification processes and strengthen security measures in the banking sector. These changes aim to address the increasing need for robust verification methods in the wake of…
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