Posted inBusiness & Economy

RBI Slaps ₹99.3 Lakh Penalty on J&K Bank for Lapses in Complaint Handling, DEA Fund Transfer and V-CIP Compliance

Srinagar: Jammu & Kashmir Bank has informed the stock exchanges that the Reserve Bank of India has imposed a ₹99.30 lakh penalty on the lender for multiple compliance lapses relating to customer grievance redressal, complaint escalation, DEA Fund procedures, and video-based KYC processes. The disclosure was made under Regulation 30 of SEBI’s Listing Obligations. The […]