Follow KYC guidelines or face regulatory action: RBI DG to banks
The Free Press Journal|November 20, 2024
RBI Deputy Governor Swaminathan J has asked banks to follow KYC guidelines with both "precision and empathy", failing which regulatory actions will be taken against them by the central bank.
Follow KYC guidelines or face regulatory action: RBI DG to banks

Addressing a Conference of Directors of Private Sector Banks here on Monday, the Deputy Governor also expressed concern that in many cases, customer grievance mechanisms, including the Internal Ombudsman structure, are treated more as a formality than as a robust, effective resource.

This story is from the November 20, 2024 edition of The Free Press Journal.

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This story is from the November 20, 2024 edition of The Free Press Journal.

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