RBI fines 13 banks ₹27 cr for forex violations

MUMBAI: In a major crackdown for foreign exchange violations and KYC lapses, the RBI has imposed ₹27-crore penalty on 13 public and private sector banks, including

MUMBAI: In a major crackdown for foreign exchange violations and KYC lapses, the RBI has imposed ₹27-crore penalty on 13 public and private sector banks, including PNB and HDFC Bank, while asking eight others including SBI and ICICI Bank to ensure strict compliance with guidelines.

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