This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The Bank has, to begin with, made the facility available for new ...

ICICI Bank penalised Rs 97.80 Lakh over the lapses range from cyber security to KYC norms The Reserve Bank of India (RBI) on Friday imposed monetary penalties on five banks, including private sector ...

It has also imposed a penalty of Rs 31.80 lakh on Bank of Maharashtra for non-compliance with certain directions on KYC.

The Reserve Bank of India (RBI) has issued an important directive to all bank account holders across the country. To keep your bank account active, updating your KYC (Know Your Customer) details on ...

The Reserve Bank of India (RBI) has issued new guidelines to simplify the process of completing KYC (Know Your Customer) for dormant or inactive bank accounts. As per the new rules announced on ...

A penalty of Rs 31.80 lakh was imposed on Bank of Maharashtra for non-compliance with certain directions on KYC. The Reserve Bank on Friday said it has imposed penalties on five lenders, including ...