{"id":8703,"date":"2018-03-05T08:16:42","date_gmt":"2018-03-05T08:16:42","guid":{"rendered":"http:\/\/indiaforensic.com\/certifications\/?p=8703"},"modified":"2019-06-01T14:44:56","modified_gmt":"2019-06-01T14:44:56","slug":"kyc-violation-by-indian-overseas-bank","status":"publish","type":"post","link":"https:\/\/indiaforensic.com\/certifications\/kyc-violation-by-indian-overseas-bank\/","title":{"rendered":"KYC Violation by Indian Overseas Bank"},"content":{"rendered":"

Reserve Bank of India has imposed a penalty of \u20b9<\/span>2 crore on Indian Overseas Bank (IOB) for violating Know Your Customer (KYC) norms. The Reserve Bank of India in its press release said a fraud was detected in one of the branches of Chennai-headquartered Indian Overseas Bank. It added that the examination of the documents, including the bank\u2019s internal inspection report, revealed non-compliance with the directions issued by the RBI on KYC norms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reserve Bank of India has imposed a penalty of \u20b92 crore on Indian Overseas Bank (IOB) for violating Know Your Customer (KYC) norms. The Reserve Bank of India in its press release said a fraud was detected in one of the branches of Chennai-headquartered Indian Overseas Bank. It added that the examination of the documents, including […]<\/p>\n","protected":false},"author":3,"featured_media":12816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-8703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kyc"],"yoast_head":"\nKYC Violation by Indian Overseas Bank - Indiaforensic<\/title>\n<meta name=\"description\" content=\"RBI Penalised Indian Overseas Bank for violation of Know Your Customers norms. 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