Shri Janata Sahakari Bank Limited, Halol, Dist. Panchmahal – Penalised
Today was the turn of Shri Janata Sahakari Bank Limited, Halol, Dist. Panchmahal, to be penalized by Reserve Bank of India.
The monetary penalty of Rs1lac was due to non-reporting cash transactions in excess of ` 10.00 lakh to Financial Intelligence Unit-India (FIU-IND), as required under the Anti Money Laundering (AML) guidelines.
Over the last few years, there has been a boom in industries in Halol. Halol town along with Kalol town are part of a Special Economic Zone (SEZ). Hence, many industries developed in Halol
The nearest major airport to Halol, India is Vadodara Airport (BDQ / VABO). This airport is in Vadodara, India and is about 32 km from the center of Halol, India.