
RBI imposes fine on Jammu and Kashmir Bank, Bank of India, Canara Bank
New Delhi: The Reserve Bank of India (RBI) has imposed penalties on Jammu and Kashmir Bank, Bank of India and Canara Bank for lapses in regulatory compliance. J&K Bank for violation of certain norms relating to Financial Inclusion – Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA), ‘KYC’ (Know Your Customer) and…