The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 25 lakh on Axis Bank for violating certain provisions of know your customer (KYC) norms, on September 01, 2021. RBI had carried out scrutiny during February 2020 and March 2020 in a customer account maintained with the bank, where it was observed that the bank failed to comply with the KYC norms. As a result, the banking regulator issued the notice that Axis Bank did not comply with RBI – KYC Direction, 2016.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Important takeaways for all competitive exams:
Mysuru Dasara, also referred to as Nada Habba in Karnataka, is an annual event that…
Dussehra, which can be alternatively called Vijayadashami or Dasara, is observed all over India in…
Ravana is undoubtedly one of the most complicated characters in the Indian epic genre. While…
Dussehra or Vijayadashami to be celebrated on Tuesday, 20 October 2026, throughout most parts of…
The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) offers the employment incentive of up to…
India began their medal haul at the 2026 Para Asian Games held in Aichi-Nagoya, Japan,…