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RBI fines Federal Bank Rs 5.7 cr for flouting insurance broking norms

Banking regulator imposes fine of Rs 70 lakh on Bank of India for non-compliance with KYC norms

Topics
Federal Bank | RBI | Bank of India

BS Reporter  |  Mumbai 



Federal Bank net profit up 18%
The RBI separately imposed a fine of Rs 70 lakh on Bank of India for non-compliance with Know-Your-Customer (KYC) norms.

The Reserve has imposed a penalty of Rs 5.72 crore on for non-compliance with norms related to broking/corporate agency services.

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First Published: Fri, July 08 2022. 20:30 IST

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