RBI has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance and Rs 70 lakh on Bank of India for non-compliance with certain provisions of Know Your Customer (KYC) norms and instructions on ‘compliance function in banks’ issued by RBI RBI has been imposed on Dhani Loans and Services Ltd, Gurugram for non-compliance with KYC
RBI imposes penalties on Federal Bank and Bank of India Read More »
Federal Bank has joined hands with India’s first standalone health insurance company, Star Health and Allied Insurance Co Ltd as a corporate agent to provide a wide range of innovative health insurance products for the Bank’s 8.90 million customers spread over 1,291 banking outlets across the country. The Bank’s customers can avail benefits of Star
Federal Bank and Star Health Insurance tie-up for bancassurance Read More »
Federal Bank, as part of its women empowerment agenda, launched a feature-rich Savings Bank product for women. The savings scheme is called Mahila Mitra Plus and provides a curated set of features, designed to make financial planning and investments easy for women. Notable features of Mahila Mitra Plus include: 1. Exclusive preferential interest rates on
Federal Bank launches an exclusive feature-rich scheme for women Read More »
