RBI imposes monetary penalty of Rs 1.12 crore on Bank of Maharashtra for non-compliance - Moneycontrol

The non-compliance pertains to certain directions under ‘Know Your Customer,’ the RBI said in a release.

The Reserve Bank of India on April 25 said it has imposed a monetary penalty of Rs 1.12 crore on the state-run Bank of Maharashtra for non-compliance. The non-compliance pertains to certain directio… [+1560 chars]

full article...