The robbery bid at Muthoot Mini Finance office at Mariyappana Palya near Jnanabharathi on Tuesday has made the city police to crack whips on banks and other financial firms which do not adhere to Reserve Bank of India’s (RBI) guidelines on security matters. The police have decided to write to the RBI about the violations made by firms and recommend cancellation of their business licenses. The fact that most of the firms have not appointed security guards has made the police to identify such firms and initiate action against them.......
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