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-Bank of Maharashtra fined by Indian central bank

Jan 17, 2019 - Global Banking News

Global Banking News - 17 January 2019

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The apex bank said that the state-owned bank had failed to adhere to Know Your Customer guidelines and fraud-classification norms.

The bank was hit with a INR10m fine for failing to adhere to directions issued by the apex bank.

The Indian central bank has fined Bank of Maharashtra for flouting regulatory norms.