TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All News
of of All News
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Fines Jamia Cooperative Bank Rs. 2 Lakh for KYC Violations, Fund Diversion, and Regulation Breaches in New Delhi.</h1> The Reserve Bank of India has fined Jamia Cooperative Bank Ltd in New Delhi Rs. 2 lakh for violating several regulations. The breaches include inadequate customer identification under Know Your Customer and Anti Money Laundering norms, non-compliance with Income Recognition and Asset Classification norms, directors' involvement in daily operations, and fund diversion from loan accounts to firms linked to the directors. After a show cause notice and the bank's response, the RBI determined the violations were proven and imposed the penalty under the Banking Regulation Act, 1949.
TaxTMI 
TaxTMI 
