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RBI Imposes Rs 27-Crore Penalty on 13 Banks for FEMA Violations - (28 Jul 2016)

Reserve Bank of India (RBI) has penalized 13 banks and slapped a fine of Rs 27 crore for violation of Foreign Exchange Management Act (FEMA) provisions and lapses in Know Your Client (KYC) rules.

Tags : RESERVE BANK OF INDIA   FEMA   BANKS  

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