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Forex Rule violation: RBI slaps fine on five banks

Forex Rule violation: RBI slaps fine on five banks

Dec 22, 2016, at 02:18 am

New Delhi, Dec 21 (IBNS): The Reserve Bank of India on Wednesday said it has imposed monetary penalty on the following five banks for violation of Reserve Bank of India’s instructions on reporting requirements of the Foreign Exchange Management Act, 1999 (FEMA).

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Forex Rule violation: RBI slaps fine on five banks Wed, Dec 21 2016