The Reserve Bank of India imposed a ₹1.8 lakh penalty on Canara Bank for failing to upload certain customer KYC records to the Central KYC Records Registry on time.

The Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Your Customer regulations and for errors…

The Reserve Bank of India imposed a ₹1.8 lakh penalty on Canara Bank for failing to upload certain customer KYC records to the Central KYC Records Registry on time.