RBI imposes Rs 25 lakh fine on Axis Bank for flouting KYC norms
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 25 lakh on private lender Axis Bank for non-compliance. The penalty was announced by the central bank on September 1. RBI had carried out scrutiny during February 2020 and March 2020 in a customer account maintained with the bank, where it was
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