The RBI has imposed a monetary penalty of ₹41.8 lakh on Canara Bank for failing to comply with regulatory norms. The fine was imposed after a supervisory review revealed lapses in ‘Know Your Customer’ (KYC) norms and account classification.
The RBI has imposed a monetary penalty of ₹41.8 lakh on Canara Bank for failing to comply with regulatory norms. The fine was imposed after a supervisory review revealed lapses in ‘Know Your Customer’ (KYC) norms and account classification.
Karnataka Grameena Bank (KGB) has won the National Award from the Pension Fund Regulatory and Development Authority (PFRDA). The award is given recognising its outstanding performance in subscriber enrolment under the Atal Pension Yojana (APY) scheme.