RBI Penalises Rajsamand Urban Co-operative Bank Limited, Rajsamand

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..... RBI Penalises Rajsamand Urban Co-operative Bank Limited, Rajsamand - News and Press Release Dated:- 26-11-2013 - News - The Reserve Bank of India has imposed a monetary penalty of Rs. 2.00 lakh (Rup .....

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..... ees two lakh only) on Rajsamand Urban Co-operative Bank Limited, Rajsamand in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulat .....

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..... ion Act, 1949 (As Applicable to Co-operative Societies), for violating the Know Your Customers (KYC) norms and Anti Money Laundering (AML) directives of Reserve Bank of India. The Reserve Bank of In .....

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..... dia had issued a show cause notice to the bank in response to which the bank submitted a written reply. After considering the bank's reply in the matter, the Reserve Bank of India came to the conclusi .....

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..... on that the violation was substantiated and warranted imposition of the penalty. Ajit Prasad Assistant General Manager - News - Press release - PIB Tax Management India - taxmanagementindia .....

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..... - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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