RBI impose penalties on Axis, ICICI and 3 more banks to lapse regulatory compliance
The RBI on Friday stated that it has imposed financial fines on ICICI Bank, Axis Bank, Bank of Maharashtra, IDBI Bank, and Bank of Baroda for deficiencies in regulatory compliance, with the fines going as high as Rs 98 lakh. RBI Fines on Axis Bank , ICICI and IDBI Banks In its declaration explaining the