https://www.taxtmi.com/news?id=12578 Non adherence to Know Your Customer (KYC) norms and Anti Money Laundering (AML) guidelines led the Reserve Bank to issue a show cause notice to The District Co operative Central Bank Ltd., Mahabubnagar; after considering the bank's written reply and personal submissions the RBI found the violations substantiated and, exercising powers under Section 47A read with Section 46 of the Banking Regulation Act (as applicable to co operative societies), imposed a monetary penalty. en-us Wed, 19 Mar 2014 15:59:40 +0530 Wed, 19 Mar 2014 15:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12578 Non adherence to Know Your Customer (KYC) norms and Anti Money Laundering (AML) guidelines led the Reserve Bank to issue a show cause notice to The District Co operative Central Bank Ltd., Mahabubnagar; after considering the bank's written reply and personal submissions the RBI found the violations substantiated and, exercising powers under Section 47A read with Section 46 of the Banking Regulation Act (as applicable to co operative societies), imposed a monetary penalty. News - Wed, 19 Mar 2014 15:59:40 +0530 https://www.taxtmi.com/news?id=12578