The Kalol Nagrik Sahakari Bank Limited, Kalol, Dist. Gandhinagar (Gujarat) – Penalised


 

The Kalol Nagrik Sahakari Bank Limited, Kalol, Dist. Gandhinagar (Gujarat) has been informed by Reserve Bank of India,to remit Rs5.00lacs(Rupees five lakh only), as penalty

for violation of Reserve Bank of India instructions relating to

  1. Know Your Customer (KYC) norms and

  2. Anti Money Laundering (AML) guidelines.

 

The Kalol Nagarik Sahakari Bank Ltd has 9 Branches, and is a CBS Bank.

           Kalol is a city and a municipality in Panchmahal district in the Indian state of Gujarat. Kalol and Halol are popular as Twin SEZ city, with companies like General Motors (GM), SETCO Automotive, CEAT Tyres, GUNNEBO, Panchmahal Steel, Sintex Industries (Plastic Containers), Grandtech Engineering Works, INOX Air Products, Plastichemix, DeviDayal Agro Chemicals, Bayer ABS, HNG Float Glass, Integra Engineering having their Industrial Plants in the surrounding area.

        The major tourist attraction is ‘Pavagadh; a Hill Station, which famous for it’s Mahakali temple which draws thousands of pilgrims everyday.

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