Bank of Baroda forex scam: RBI finds irregularities in bank’s transactions

Bank of Baroda forex scam: RBI finds irregularities in bank’s transactions Various irregularities by banks such as non-submission and inordinate delays in filing of Suspicious Transaction Reports (STRs), besides opening of accounts by several entities without fulfilling KYC norms, have been noticed by Reserve Bank of India. The observation came as part of inspection done […]

Continue Reading

Banks must follow three ‘KY Principles’ to prevent fraud: RBI Dy. Governor Rohit Taneja 27 June, 2015

Banks must follow three ‘KY Principles’ to prevent fraud: RBI Dy. Governor Rohit Taneja 27 June, 2015 All the public sector banks in India are adequately capitalised and are meeting their requirement but going forward they will require additional capital to meet the future growth needs and future possible problems, deputy governor of the Reserve […]

Continue Reading