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RBI imposes fine on six banks

Source : REUTERS
Last Updated: Fri, Aug 23, 2013 15:10 hrs
A labourer works on the sign of a bank building in the western Indian city of Ahmedabad

The Reserve of India imposed penalties in the range of 5 million rupees to 20 million rupees on six Indian banks for violation of client identification rules.

The banks are Allahabad Bank, Bank of Maharashtra , Corporation Bank, Dena Bank, IDBI Bank and Indian Bank.


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