Wednesday, 3 July 2019

Reserve Bank Of India Has Imposed A Penalty Of Rs 50 Lakh

RBI imposes penalty on UCO Bank: Reserve Bank of India has imposed a penalty of Rs 50 lakh for non-compliacne of RBI directives on "KYC Norms/AML Standards/CFT/Obligation of banks and financial institutions under PMLA 2002" and also on "Opening of Current Accounts by Banks - Need for discipline".

India's Nikkei Services PMI dropped to 49.6 in June against 50.2 in previous month and Composite PMI also declined to 50.8 compared to 51.7 in May 2019.

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