A penalty of Rs 1.5 crore has been imposed each on Allahabad Bank, Bank of Maharashtra and Indian Overseas Bank.

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UIDAI CEO Ajay Bhushan Pandey said that the allocated money is based on the authority's requirements and is enough to fund its operations in the next fiscal.

SBI said the resolution plan for the recovery of non-performing asset (NPA) has been approved and filed in NCLT Ahmedabad, according to which the minimum recovery to the bank is Rs 11,313.42 crore.

BEST workers have accepted the '10-step increment' proposal and will now go for mediation with the management and other concerned parties to resolve the dispute.

Other candidates being considered for the position are Under Secretary of the Treasury for International Affairs, David Malpass and President of the Overseas Private Investment Corporation, Ray Washburne.

Not complying with KYC updation requests can lead to your bank account getting partially frozen - which affects debit transactions - and subsequently shut down completely.

NGO has also sought direction to restrain the messaging platform from proceeding with its payment service unless it fully complies with the provisions of the RBI

In July 2013, the RBI had issued a \"cautionary letter\" to Citibank for violations of instructions regarding KYC or anti-money laundering

The RBI has directed all prepaid payment instruments to complete customer KYC requirements before end-February and in the absence of reliable digital alternatives, players are reverting to paper-based KYC.