The Jain Sahakari Bank Ltd., Mumbai has been penalised (As per RBI reports)
A recent press report said that The Jain Sahakari Bank Ltd., Mumbai has been penalised by the Reserve Bank of India on compliance with Know Your Customers (KYC) norms/Anti Money Laundering (AML) guidelines. The regulator has imposed a fine of Rs. 1 lakh on the Jain Sahakari Bank Limited, Mumbai, Maharashtra, in exercise of powers vested… Read More »