Mumbai, March 20 The Reserve Bank announced on Friday that it has imposed a fine of ₹31.8 lakh on Hongkong and Shanghai Banking Corporation for non-compliance with certain directions related to inactive accounts and unclaimed deposits.In a statement, the Reserve Bank said that a statutory...
banking regulations
central bank
depositor education and awareness fund
financial penalty
hongkongandshanghaibankingcorporation
inactive accounts
india
mumbai
rbi
regulatory compliance
reserve bank of india
statutory compliance
supervisory inspection
udrn
unclaimed deposits