Kyc Norms

  • RBI penalises 22 banks for violating KYC norms 15-07-2013 02:17 PM

    New Delhi: The Reserve Bank of India on Monday penalised 22 banks for violating Know Your Customer norms and imposed penalties ranging from Rs 50 lakh to Rs 3 crore. The RBI has absolved them of money laundering charge saying there is no prima facie evidence against them. The RBI...
  • Aadhar will bring transparency in the banking sector: Latha Venketesh 20-06-2013 06:13 PM

    With successive Cobrapost sting operations revealing widespread violation of RBI guidelines and rules by state-owned banks, private Indian banks and even foreign banks, how can the system be streamlined so that the banks tow the line? CNBC-TV18's banking editor Latha Venkatesh joined IBNLive readers for an interaction on the issue....
  • Cobrapost expose: RBI penalises Axis, HDFC, ICICI banks 10-06-2013 06:41 PM

    Mumbai: Three private banks, caught in the Cobrapost sting operation, have been let off the hook with paltry penalties. The Reserve Bank of India on Monday imposed penalties on Axis, ICICI and HDFC banks after a sting operation by online magazine Cobrapost exposed many loopholes. RBI imposed a penalty of...
  • Over 30 banks flouting prescribed guidelines: RBI audit report 30-05-2013 11:54 AM

    Mumbai: India's banking system is not as strong as expected. An RBI report shows that over 30 banks have failed to follow or enforce various prescribed rules and guidelines. CNBC-TV18 has accessed the report of the audits instigated by the RBI after the Cobrapost expose, which shows that 30 banks,...
  • I-T dept issues notices to ICICI, Axis, HDFC banks 28-05-2013 09:59 PM

    New Delhi: Income Tax department has issued notices to three top private lenders in the country - ICICI Bank, Axis Bank and HDFC Bank - in connection with alleged money laundering charges levelled by online portal Cobrapost. The department has asked these banks to produce documents for verification as part...
  • Money laundering by banks: Will take action depending on crime, says SBI 06-05-2013 05:55 PM

    Twenty three public sector banks, including the SBI, and insurance companies have been named in a sting operation conducted by special investigations website Cobrapost. ...