Lattu Kids Blog RBI imposed Monetary Penalty on RBL Bank Limited

RBI imposed Monetary Penalty on RBL Bank Limited The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs.61.40 lakh on RBL Bank Limited for non-compliance with certain directions issued by RBI on ‘Know Your Customer’. This penalty was levied in exercise of the RBI’s powers under Section 47A(1)(c) and Section 46(4)(i) of […]