PNB, Allahabad Bank, UCO Bank, Corporation Bank fined for violation of KYC norms

The action, however, is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers, the RBI added.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XjDTpK