Tuesday, 16 July 2013

22 banks slapped with a fine!

The Reserve Bank of India has imposed monetary penalty on these banks for violating customer identification rules and anti money laundering.
(Source: Reserve Bank of India)


1. Andhra Bank
Penalty amount: Rs 2.50 crore

2. Bank of Baroda
Penalty amount: Rs 3.00 crore

3. Bank of India
Penalty amount: Rs 3.00 crore

4. Canara Bank
Penalty amount: Rs 3.001 crore

5. Central Bank of India
Penalty amount: Rs 3.00 crore

6. Deutsche Bank A.G.
Penalty amount: Rs 1.00 crore

7. Development Credit Bank
Penalty amount: Rs 1.00 crore

8. Dhanlaxmi Bank
Penalty amount: Rs 2.00 crore

9. Indian Overseas Bank
Penalty amount: Rs 3.002 crore

10.ING Vysya Bank
Penalty amount: Rs 1.50 crore

11. Jammu & Kashmir Bank
Penalty amount: Rs 2.501 crore

12. Kotak Mahindra Bank
Penalty amount: Rs 1.501 crore

13. Oriental Bank of Commerce
Penalty amount: Rs 2.00 crore

14. Punjab and Sind Bank
Penalty amount: Rs 2.50 crore

15. Punjab National Bank
Penalty amount: Rs 2.50 crore

16. State Bank of India
Penalty amount: Rs 3.00 crore

17. The Federal Bank
Penalty amount: Rs 3.00 crore

18. The Lakshmi Vilas Bank
Penalty amount: Rs 2.50 crore

19. The Ratnakar Bank
Penalty amount: Rs 0.50 crore

20. United Bank of India
Penalty amount: Rs 2.50 crore

21. Vijaya Bank
Penalty amount: Rs 2.00 crore

22. Yes Bank
Penalty amount: Rs 2.00 crore

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