The Reserve Bank of India has revised its master direction on Know Your Customer (KYC) for regulated entities to incorporate amendments to the Prevention of Money Laundering rules. What is the purpose of "Ongoing Due Diligence" as per the amendments to the KYC rules?
The Reserve Bank of India (RBI) has imposed penalties on two private-sector lenders – ICICI Bank and Kotak Mahindra Bank. ICICI Bank was fined Rs 12.19 crore as the regulator found from its Inspections for Supervisory Evaluation (ISE) for its financial position as on March 31, 2020, and March 31, 2021, that the bank sanctioned/committed loans to firms in which two of its directors were also directors. ICICI Bank was also found marketed and engaged in the sale of non-financial products and failed to report frauds to the RBI within the prescribed timelines. Kotak Mahindra Bank was fined Rs 3.95 crore as it levied foreclosure charges despite there being no clause in the loan agreement for levy of prepayment penalty on loans recalled/foreclosure initiated by the bank.
According to the statement given in parliament , ISRO commercial arms has successfully launched ____ foreign satellites belonging to 19 countries during...
In the human body, what part is made of neither bones nor skin?
Which region of Greece, known for its traditional stone-built villages, was recently added to the UNESCO World Heritage List?
What is the new name of Rashtrapati Bhavan’s Mughal garden?
What is the purpose of the Anand Marriage Act, which has been implemented in Jammu and Kashmir?
Which country among the world’s top five crude steel producers recorded positive growth in April 2024?
______ concluded a sale of 10 - year non - convertible debentures ( NCDs ) worth Rs 25,000 crore, marking the largest domestic rupee bond issuance by a ...
Which country has unveiled a five-year plan to become an innovation hub for the global robotics industry by 2025?
Who won silver in men’s category in the BWF World Championships 2021 in Huelva, Spain?
In IPL, the Lucknow franchise, owned by RPSG Group, announced its official name as Lucknow Super Giants. The Lucknow team will be led by ___________.