No fuss while dealing with Reserve Bank of
India’s (RBI) official demand by national banks who recently made a shocking
act in the entire nation by imposing Rs 5 lakh penalty where Guwahati branch
The Cooperative City Bank was included in their hit list for not adhering to
the KYC norms.
Including Guwahati Cooperative City Bank
branch another three banks were imposed with heavy penalty with different rates
for not updating RBI on proper track record of customer identity information
and doubtful transaction of money.
Including Assam rest of Cooperative Banks
in India like Indapur Urban Cooperative Bank, Pune (penalty of Rs 2 lakh ),
Shri Dadasaheb Gajmal Cooperative Bank, Pachora (penalty of Rs 1 lakh) and The
Model Cooperative Urban Bank, Hyderabad (penalty of Rs 1 lakh) were warned with
these strict notices.
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