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