Norms Violation

  • 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...
  • Govt approves Rs 650 crore penalty on Bharti Airtel 25-06-2013 02:45 PM

    New Delhi: Telecom Minister Kapil Sibal is learnt to have approved levying of Rs 650 crore penalty on Bharti Airtel for violating roaming norms in 13 service areas between 2003 and 2005. "The Minister has approved penalty of Rs 650 crore on SLD (subscriber local dialing) matter," a Telecom Ministry...