https://www.taxtmi.com/news?id=12474 The Reserve Bank imposed a monetary penalty on The Aurangabad District Industrial and Urban Co operative Bank Ltd. for violations of KYC/AML guidelines, non introduction of a Concurrent Audit System, wrong/unsatisfactory/delayed compliance to an inspection report, and concentration of deposits; a show cause notice was issued, the bank replied, and the regulator found the violations substantiated before imposing the penalty. en-us Tue, 18 Feb 2014 18:56:10 +0530 Tue, 18 Feb 2014 18:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12474 The Reserve Bank imposed a monetary penalty on The Aurangabad District Industrial and Urban Co operative Bank Ltd. for violations of KYC/AML guidelines, non introduction of a Concurrent Audit System, wrong/unsatisfactory/delayed compliance to an inspection report, and concentration of deposits; a show cause notice was issued, the bank replied, and the regulator found the violations substantiated before imposing the penalty. News - Tue, 18 Feb 2014 18:56:10 +0530 https://www.taxtmi.com/news?id=12474