The first case was registered on the complaint of Shukla Mahajan, a resident of Sector 39-B, who received multiple OTP alerts ...

A penalty of Rs 31.80 lakh was imposed on Bank of Maharashtra for non-compliance with certain directions on KYC. The Axis bank, too, has been fined Rs 29.60 lakh over non-compliance with certain ...

KYC Full Form. KYC Full Form is the Know Your Customer. It is a compulsory check to identify and verify the customer when opening a bank account or performing any other financial process.

ICICI Bank penalised Rs 97.80 Lakh over the lapses range from cyber security to KYC norms The Reserve Bank of India (RBI) on Friday imposed monetary penalties on five banks, including private ...

The Reserve Bank has fined five banks, including ICICI (Rs 97.80 lakh) and Bank of Baroda (Rs 61.40 lakh), for regulatory non-compliance. Other penalties include IDBI (Rs 31.80 lakh) and Bank of ...

Penalty of Rs 97.80 lakh has been imposed on ICICI Bank for non-compliance with certain directions issued by the Reserve Bank of India (RBI) on 'Cyber Security Framework in Banks', 'Know Your ...