This penalty, enforced under the provisions of the Banking Regulation Act 1949, aims to address deficiencies in regulatory compliance. Post author By admin Post date November 17, 2023 RBI Levies Rs 90.92 Lakh Fine on Axis Bank for Regulatory Non-Compliance The Reserve Bank of India (RBI) has levied a significant fine of Rs 90.92… 17 November 2023, • < 1 mins read Tags Axis Bank, Axis Bank Ltd, Banking Regulation, Inspection Report, ISE, KYC, Penalty, RBI, Reserve Bank of India, Risk Assessment Report
RBI stood firm in its decision, ruling that the non-compliance on SBI's part was undeniable. Post author By admin Post date September 26, 2023 RBI Penalises Three Prominent State-Owned Banks The Reserve Bank of India (RBI), in a recent move, has levied penalties on… 26 September 2023, • 2 mins read Tags Indian Bank, Penalty, Punjab & Sind Bank, RBI, SBI