INDUSIND BANK LTD. - 532187 - Disclosure Under Regulation 30 Of Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements), Regulations 2015 ('SEBI Listing Regulations')
This is to inform that in terms of the powers conferred under Sections 35, 46 and 47A of the Banking Regulation Act, 1949, RBI has imposed monetary penalty of Rs.45 million (Rupees forty-five million only) on the Bank for non-compliance with certain directions issued by RBI on 'Exposure Norms', 'Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances', 'SPARC - Monitoring of Information Submission by bank', 'Creation of a Central Repository of Large Common Exposures - Across Banks' read with directions on 'Central Repository of Information on Large Credits (CRILC) - Revision in Reporting', and 'Disclosure in Financial Statements - Notes to Accounts'. This disclosure is being made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of this letter is being uploaded on the website of the Bank at www.indusind.com.17-10-2020
