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KYC COMPLIANCE VIOLATIONS
Delhi police arrests bank deputy manager in Rs 67.92 crore mule account case linked to 159 cyber fraud complaintsDelhi Police apprehended Pabitra Kumar Biswal, a Deputy Manager at National Urban Cooperative Bank. He allegedly facilitated a mule account...- RBI fines Canara Bank for violations related to KYC, inactive accountsThe Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Yo...
- RBI fines Pine Labs Rs 3.1 lakh for KYC lapses on prepaid payment instrumentsThe move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the ac...
- RBI imposes monetary penalty on HDFC Bank for lapses in KYC, interest rate and outsourcing complianceThe Reserve Bank of India has levied a Rs 91 lakh penalty on HDFC Bank for violating banking regulations. The violations include using mult...
- Redo KYC before June 30: FIU tells crypto exchangesThe Financial Intelligence Unit-India (FIU-IND) has mandated cryptocurrency exchanges to strengthen their KYC processes by June 30, adherin...
- RBI Imposes penalty of Rs 75 lakh on HDFC Bank for violating customer KYC directionsHDFC Bank: The Reserve Bank of India found HDFC Bank violated Know Your Customer (KYC) norms as laid down by RBI's Master Direction - Know ...
- FIU slaps Rs 54L fine on Union Bank of India for multiple PMLA violationsThe Financial Intelligence Unit imposed a fine of Rs 54 lakh on Union Bank of India for failing to report suspicious transactions and inade...
- RBI fines Visa, Ola Financial and Manappuram for contravention of PPI, KYC rulesIn February, the RBI had ordered the credit card company to stop using an unauthorised route to make some commercial payments, per a Reuter...
- RBI imposes penalties on 3 payment system operatorsThe RBI said monetary penalty on Payment System Operators (PSOs) Manappuram Finance and Ola Financial Services has been imposed for non-com...
- RBI penalties up 88% in 3 yrs; KYC, AML top listThe number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three years with Know Your Cust...
- RBI imposes Rs 1.12 crore penalty on Bank of MaharashtraThe Statutory Inspection for Supervisory Evaluation (ISE) of the public sector bank was conducted with reference to its financial position ...
- RBI imposes Rs 17 lakh fine on Manappuram Finance for non-compliance of KYC, PPI rulesThe Reserve Bank of India (RBI) fined Manappuram Financing Rs 17 lakh for violating KYC and prepaid payment instrument standards. The compa...
- RBI imposes penalties on Axis Bank, IDBI BankRBI, however, said the penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of a...
- RBI imposes fine of Rs 3 crore each on Deutsche Bank, J&K BankThe RBI also slapped a fine of Rs 3 crore on state-owned Jammu and Kashmir Bank Ltd for violating similar norms.
- RBI slaps Rs 5 crore penalty on Airtel Payments Bank for violation of normsThe fine was imposed after RBI scrutinised the bank's documents relating to opening of accounts without any specific or clear consent from ...
- RBI imposes Rs 2 lakh penalty on Kapadwanj People's Co-operative BankRBI imposed a penalty of Rs 2 lakh on the Kapadwanj People's Co-operative Bank for violation of norms, including those on advances and KYC.
- RBI imposes Rs 1 crore penalty on Dhanlaxmi BankThe penalty was levied for violation of RBI guidelines on Know Your Customer and Anti Money Laundering standards.
- RBI penalises 6 PSBs for violating KYC, anti-money laundering normsThe Reserve Bank of India on Friday penalised six banks for violation of know-your-customer (KYC) and anti- money laundering (AML) norms.
- RBI report finds discrepancies in banking operations post Cobrapost exposeRBI has unearthed various discrepancies, including non-compliance of KYC norms and fictitious PAN, in its probe following the Cobrapost exp...
- Citibank fraud: RBI probes possible violation of KYC, STR normsRBI is probing whether there have been any violation of norms related to customer verification and monitoring of accounts.
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