Wednesday, June 3, 2026
15.6 C
Los Angeles

Former Nigerian Power Minister Arrested After Corruption Conviction Deepens Public Anger Over Energy Crisis

Nigeria’s anti-corruption campaign entered a significant new...

UK Serious Fraud Office Shifts to Intelligence-Led, Assertive Posture in 2026

The UK Serious Fraud Office (SFO) has...

RBI Penalizes Axis Bank and Manappuram Finance: Imposes Fines for Non-Compliance with KYC and Loan Guidelines

KYCRBI Penalizes Axis Bank and Manappuram Finance: Imposes Fines for Non-Compliance with KYC and Loan Guidelines

On Thursday, the Reserve Bank of India (RBI) imposed a penalty of Rs 91 lakh on Axis Bank and Rs 43 lakh on gold loan firm Manappuram Finance for non-compliance with Know Your Customer (KYC) and loan guidelines. The regulatory action is a result of identified deficiencies in compliance and does not imply a judgment on the validity of any transactions or agreements between the bank and its customers, as clarified by the RBI.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content

Ad


Check out other tags:

Most Popular Articles