Wednesday, October 10, 2012

RBI penalizes ICICI Bank and ING Vysya Bank

The Reserve Bank of India (RBI) has slapped penalties of Rs 55 lakh on ING Vysya Bank , a private sector lender based in Bangalore and Rs 30 lakh on ICICI Bank,   the second largest  lender in terms of loan book, for violating Know Your Customer (KYC) norms............

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