RBI imposes Rs 3 crore penalty on Union Bank for KYC non-compliance
RBI imposed the penalty of Rs 2 crore and Rs 1 crore on July 26 under the provisions of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to certain directions issued by it, the apex bank said here in a notification.
Jul 31, 2017, 16:09 PM IST