RBI issued a "Letter of Caution" to Axis Bank advising it to exercise extreme caution and diligence to ensure strict compliance with KYC norms. The case pertained to the opening of an account in the name of a society back in 2009, during which certain documents had not been obtained. We have already initiated and taken corrective measures, bank said.
short by
Vaishnavi Mishra /
02:01 pm on
11 Oct