According to the ED, an investigation under FEMA was taken up based on a reference received from the Reserve Bank of India (RBI) to check on advance remittances received by certain entities.
The Reserve Bank of India (RBI) has imposed a fine of Rs one crore on private sector lender HDFC Bank for violation norms relating to know-your-customer (KYC), anti-money laundering and reporting of frauds.
Mumbai: The Reserve Bank of India has imposed a monetary penalty of Rs 40 lakh on State Bank of India...
New Delhi, Mar 6: State Bank of India has decided to reintroduce penalty on non-maintenance of minimum balance in accounts...
