The Bank of Tokyo: Current Affairs, GK & News - 2020-2021
RBI imposes penalty on 5 foreign banks for violating FEMA rules
Published: December 22, 2016
The Reserve Bank of India (RBI) has slapped a fine on five foreign banks, namely, Deutsche Bank, Standard Chartered Bank, Bank of America, Bank of Tokyo Mitsubishi and The Royal Bank of Scotland for violating reporting requirements of the Foreign Exchange Management Act, 1999 (FEMA). Germany’s Deutsche Bank has been imposed a fine of Rs ..
Topics: Bank of America • Banks • British brands • Companies • Deutsche Bank • Finance • Foreign Exchange Management Act • Foreign trade of India • Primary dealers • Reserve Bank of India • Standard Chartered • The Bank of Tokyo