https://www.taxtmi.com/news?id=20600 A monetary penalty was imposed on Federal Bank Limited for failure to comply with the Banking Regulation Act and directions concerning CRILC reporting, supervisory reporting for risk assessment, delayed compensation for ATM customer complaints, and deficiencies in KYC/AML compliance; the measure was taken under the regulator's statutory enforcement powers and does not address the validity of the bank's transactions with customers. en-us Thu, 04 Oct 2018 13:23:53 +0530 Thu, 04 Oct 2018 13:23:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20600 A monetary penalty was imposed on Federal Bank Limited for failure to comply with the Banking Regulation Act and directions concerning CRILC reporting, supervisory reporting for risk assessment, delayed compensation for ATM customer complaints, and deficiencies in KYC/AML compliance; the measure was taken under the regulator's statutory enforcement powers and does not address the validity of the bank's transactions with customers. News - Thu, 04 Oct 2018 13:23:53 +0530 https://www.taxtmi.com/news?id=20600