RBI imposed a penalty of Rs 1 crore on state-owned bank with the direc – InterviewSolution

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1.	RBI imposed a penalty of Rs 1 crore on state-owned bank with the directions on Know Your Customer (KYC) norms.
Answer» The Reserve Bank of India (RBI) said it has imposed a penalty of Rs 1 crore on state-owned Union Bank of India for "non-compliance" with the directions on Know Your Customer (KYC) norms.

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