Most of the guys have gone through the similar phase! But this is super clean!

Guess how many Banks/ NBFCs faced monetary penalties by RBI in the month of October 2023?









Answer: 48!! Yes, 1 Payment Bank, 4 Schedule Commercial Bank, 6 NBFCs, and 37 Cooperative Banks!

This number is 21 for the month of September, where 3 scheduled commercial Banks, 3 NBFCs, and 15 Cooperative Banks were penalized!!
 
For Schedule Commercial Banks, the offense ranged from KYC related: Multiple customer IDs, proper CDD not done for Sole Proprietor firms, eKYC accounts not being regularised on time, and not having proper software for transaction monitoring in the account.

To SWIFT-related- created Financial/Nonfinancial message without first underlying CBS entry.
 
Customer Service Related: failed to ensure that customers were not contacted after 7 pm and before 7 am, interest rates on FD not matching with interest rate chart being shared…

And, one training of recovery agents related…

The penalty ranged from ₹ 30 Lakhs to ₹12 Crore ...

Scheduled Commercial Banks penalized in 2023 ....

1.   Standard Chartered Bank-India
2.   Karur Vysya Bank Ltd
3.   Bank of Baroda
4.   Federal Bank Ltd
5.   Axis Bank Ltd
6.   Indian Bank
7.   RBL Bank Limited
8.   Punjab National Bank
9.   Central Bank of India
10.        Union Bank of India
11.        Punjab & Sind Bank
12.        State Bank of India
13.        Bank of Maharashtra
14.        Indian Bank
15.        Indian Overseas Bank
16.        RBL Bank Limited
17.        Jammu and Kashmir Bank Limited
18.        Canara Bank
19.        Kotak Mahindra Bank Limited
20.        ICICI Bank Ltd

Check out the detailed document. A must-read for all bankers.....

Should also be added in trainings of new bankers..

💥💥💥💥💥I am not saying that SIDBI job is not a good job, for unemployed person all jobs are good but when you have choice then one job is better than other job. So, when you have multiple jobs in hand then take correct guidance and join better job.
In the past, some people have selected RBI Assistant Over many officer level jobs like NABARD Grade A, ECGC PO, SIDBI Grade A, Bank Scale 2 and 3 also.
Many of you don’t know the ground reality and there are high chances that you wont select relatively better job.💥💥💥💥💥

I need some help for my friend. He has some work at EPFO Bandra Mumbai Office. If someone is working in this office then please message me.

You can join this live class if you have enrolled for the course.

No Indian company is able to do this work! Actaully such assignments should be given to our IIMs like A B C etc or IITs like B D K M etc. Lets give this money to these IITs/IIMs or ther capable colleges.

Maximum IIT IIM Grads are working here....Companies will get 500 Crore and they will distribute around 50 crore as salaries and rest 450 crore is their profit.

Watch 2:37 onwards!
It’s called as Wisdom🙂

https://youtu.be/k6TcNnVNTXM?si=x-LLLLAGOO9JSY-u

If you know someone from Jammu then send this.

❤️Inside View!❤️

💥💥💥💥💥I am purchasing दिवाळी अंक on every Diwali from last 20-25 years.
(Special Books Launched on Diwali covering various socio-economic-political issues)
This tradition is specifically related to Maharashtra. Now a days very people read actually books and magazines.
Every year I purchase Rs.15-20K books (hard copy). Reading gives you happiness as well as lot of insights which ultimately increase money earning capacity.💥💥💥💥💥