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The central bank imposed a penalty of Rs 5 crore on Citibank, Rs 4.34 crore on Bank of Baroda, and Rs 1 crore on Indian Overseas Bank, it said in different press releases.

The penalties, amounting to crores of rupees, were imposed following an assessment of the banks adherence to RBI guidelines and directives, , reserve bank of india, rbi intervention

Mumbai: The Reserve Bank of India (RBI) on Friday slapped monetary fines on Citibank, Bank of Baroda, and Indian Overseas Bank for violations of regulations.

Additionally, the review may explore claw back of payouts to CEOs and key management personnel (KMP)

Reserve Bank of India (RBI) on Thursday said that it has imposed a penalty of Rs 90.93 lakh on Axis Bank for breach of norms.

Axis bank failed to preserve records pertaining to the identification of customers and their addresses in certain cases.

Reserve Bank of India (RBI) on Thursday said that it has imposed a penalty of Rs 90.93 lakh on Axis Bank for breach of norms.The breach relates to directions issued by RBI on Know Your Customer (KYC) norms, 'Loans and Advances â€" Statutory ...

RBI Imposes Rs 90.92 Lakh Penalty on Axis Bank, Rs 42.78 Lakh Fine on Manappuram Finance for non-compliance with rules

This penalty has been imposed in the exercise of powers vested in RBI conferred under the provisions of Section 47 A (1); said RBI.

The Reserve Bank of India (RBI) has levied a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram Finance for non-compliance with specific directions of the banking sector regulator. This penalty is attributed to the violation of guidelines outlined by the RBI on various aspects, as detailed in the Reserve Bank of India (KYC) Directions, 2016.