Tuesday, May 14, 2013

RBI probe upholds Cobrapost charges on 3 private banks

.............The RBI probe supports these charges, of systemic misuse. It has found use of fictitious permanent account numbers issued by the income tax department, use of  unknown non-resident ordinary (NRO) accounts, unauthorised gold sale and rampant non-compliance of Know Your Customer (KYC) norms. Apart from irregular staff junkets to bank officials selling insurance...........

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