RBI fines ₹41.8 lakh on Canara Bank: Action taken on delay in uploading KYC data and declaring current accounts inoperative
1 hour ago copy link Reserve Bank of India (RBI) has imposed a penalty of Rs 41.8 lakh on Canara Bank. This action has been taken for non-compliance of some important banking guidelines including Know Your Customer (KYC) rules. RBI investigation has revealed that Canara Bank did not upload the KYC records of many customers…