News

RBI has imposed an Rs 8.10 lakh penalty on Shri Ram Finance Corporation for regulatory lapses involving director appointment approvals, customer risk classification and timely uploading of KYC records.

RBI Imposes Rs 8.10 Lakh Penalty on Finance Firm Over KYC, Governance Lapses

Judgement

HC grants bail to accused in Rs 45.88 lakh fraud case involving alleged misuse of KYC documents and forged signatures.

High Court Grants Bail to Man Accused of Rs 45.88 Lakh KYC, Forgery and Loan Fraud

Press Release

Kedarnath Urban Co-operative Bank has been penalised Rs 40,000 by RBI for non-compliance with KYC and SAF regulations.

RBI Penalises Kedarnath Urban Co-operative Bank for Regulatory Non-Compliance

The High Court refuses anticipatory bail, citing serious financial fraud and need for custodial interrogation.

High Court Denies Anticipatory Bail in Tractor Loan Fraud Involving Forged KYC Documents

ITAT allows Section 80P deduction, remands demonetisation cash deposits for member-wise KYC verification proceedings.

ITAT Grants Section 80P Relief to Souharda Society, Remands Demonetisation Deposits

The RBI has imposed a Rs 41.80 lakh penalty on Canara Bank for non-compliance with KYC norms and improper classification of certain customer accounts as inoperative.

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RBI Imposes Rs 8.10 Lakh Penalty on Finance Firm Over KYC, Governance Lapses

High Court Grants Bail to Man Accused of Rs 45.88 Lakh KYC, Forgery and Loan Fraud

RBI Penalises Kedarnath Urban Co-operative Bank for Regulatory Non-Compliance

High Court Denies Anticipatory Bail in Tractor Loan Fraud Involving Forged KYC Documents

ITAT Grants Section 80P Relief to Souharda Society, Remands Demonetisation Deposits

Canara Bank Fined Rs 41.80 Lakh by RBI Over KYC Compliance Violations