In a release, the RBI said it has imposed a penalty of Rs 5 lakh on The Bihar Awami Co-operative Bank Ltd "for violation of the extant directions on Know Your Customer and guidelines in the matter of exchange of Specified Bank Notes, issued by the Reserve Bank of India."source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-penalises-bihar-based-co-op-bank-for-kyc-violation-during-exchange-of-demonetised-notes/articleshow/82036162.cms
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