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Banks fined crores over violating KYC norms 16 July 2013
About 22 banks were penalized by the RBI for money laundering and violation of know your customer (KYC) norms. Banks will have to pay crores of Rupees as part of fines. The central bank announced the decision after checking the...
Keywords: RBI penalizes 22 banks, Vijaya Bank, Ratnakar Bank., RBI fines 22 banks
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Foreign Education: A Dream for Indian Students 06 January 2012
In a country like India where a majority of students aim at studying in abroad were affected the most due to the falling rupee. The fall in rupee has raised the costs of foreign educations forcing the students to dig...
Keywords: off take of education loans, falling rupee, Global uncertainty, depreciation
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