RBI penalises The Coimbatore District Central Co-operative Bank Ltd., Tamil Nadu


 

 

 

The Reserve Bank of India has imposed a monetary penalty of Rs5.00 lakh (Rupees five lakh only) on The Coimbatore District Central Co-operative Bank Ltd., Tamil Nadu, for non-adherence to Know Your Customers (KYC) norms and Anti Money Laundering (AML) guidelines.

 

 

 

Coimbatore is otherwise called as textile city or the Manchester of the South.

 

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