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
inactive accounts
india
mumbai
rbi
regulatory compliance
reserve bank of india
statutorycompliance
supervisory inspection
udrn
unclaimed deposits