https://www.taxtmi.com/news?id=11993 The Reserve Bank imposed a monetary penalty under Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act for breaches of KYC norms and AML directives by Rajsamand Urban Co operative Bank Limited. The bank received a show cause notice, submitted a written reply, and the Reserve Bank, after considering that reply, concluded the violations were substantiated and imposed the penalty. en-us Tue, 26 Nov 2013 18:46:25 +0530 Tue, 26 Nov 2013 18:46:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11993 The Reserve Bank imposed a monetary penalty under Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act for breaches of KYC norms and AML directives by Rajsamand Urban Co operative Bank Limited. The bank received a show cause notice, submitted a written reply, and the Reserve Bank, after considering that reply, concluded the violations were substantiated and imposed the penalty. News - Tue, 26 Nov 2013 18:46:25 +0530 https://www.taxtmi.com/news?id=11993