penalty

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...