At a time when the government is grappling with the black money menace, the RBI has penalised as many as 48 small banks in just six months, for lapses in implementing customer identification norms and various other violations
http://timesofindia.indiatimes.com/business/india-business/RBI-fines-48-banks-for-violation-of-KYC-AML-norms-in-6-months/articleshow/9173546.cms
