Shri Janata Sahakari Bank Limited, Halol, Dist. Panchmahal – Penalised


 Shri Janata Sahakari Bank Limited, Halol, Dist. Panchmahal – Penalised

 

Halol and Kalol can said to be twin town, in Panchmahal district, Gujarat. The distance between the two towns in 11km, yes, negligible in today’s travelling modes.

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.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s