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
hongkong and shanghai banking corporation
inactiveaccounts
india
mumbai
rbi
regulatory compliance
reserve bank of india
statutory compliance
supervisory inspection
udrn
unclaimed deposits
New Delhi, March 19 – The ED has attached two immovable properties worth ₹97.92 lakh in Jharkhand and Bihar, belonging to a former Branch Manager of the State Bank of India (SBI), in connection with a ₹5.4 crore fraud involving inactive accounts of deceased pensioners, an official said.The...
bihar
criminal conspiracy
enforcement case information report
enforcement directorate
financial investigation
forgery
fraud
inactiveaccounts
jharkhand
pensioners
pmla cases
prevention of money laundering act
property attachment
public servant misconduct
shell entities
state bank of india
New Delhi, February 23 A total of ₹30.52 crore stuck in over seven lakh inactive accounts of the Employees' Provident Fund Organisation (EPFO) will soon be returned to the account holders or their legal heirs, a source in the Ministry of Labour and Employment said on Monday.In a review...
aadhaar
banking
claim processing
core banking system
digital transformation
employees' provident fund organisation
epf
financial transactions
fund recovery
grievance handling
inactiveaccounts
ministry of labour and employment
post-retirement funds
risk management
social security