If a customer does not provide sufficient information to allow their verification the CIP must include procedures the bank must undertake.

By the 1980s, the bank had undertaken a major push into the securities business internationally.

The bank then undertakes to collect payment from the buyer once the debt falls due for payment.

Central banks not only ignored this advice but undertook policies that encouraged bank credit creation for speculative purposes.

The new rule may also permit banks to undertake data processing and real estate sales.

Although the Travancore government put up only 25% of the capital, the bank undertook government treasury work and foreign exchange business, apart from its general banking business.

A name change is not something the banks are undertaking lightly.

Stability was restored only years later, after the Federal Government insured depositors' money and imposed tough limits on the kind of risks a bank can undertake.

Under the 1981 arrangements eligible banks undertook to hold not less than 2.5% of their eligible liabilities as call money with the discount houses.

The local economy continued to decline and the bank undertook the bitter task of winnowing new problems from its portfolio and bolstering its reserves.