
RBI Unleashes Fines on Bank of Baroda and GIC Housing Finance
Hold onto your wallets, folks! The Reserve Bank of India just unleashed a *staggering* ₹63.6 lakh penalty on Bank of Baroda for dancing with the 'Fair Practices Code' and KYC norms! And GIC Housing Finance? They’re not off the hook, facing a *painful* ₹3.1 lakh fine for their own KYC blunders. Compliance is the name of the game, and these players are feeling the heat!
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