The penalty on ICICI Bank stems from the RBI's Statutory Inspection for Supervisory Evaluation (ISE 2022), which assessed the bank's financial standing as of March 31, 2022. Following supervisory observations of non-compliance with RBI directives, the bank was notified and given the opportunity to present its case., Companies News - Times Now
Karnataka Bank had opened savings deposit accounts in the name of certain ineligible entities and failed to review / renew certain loan accounts within the prescribed period and yet did not classify these accounts as NPAs
RBI penalises IDFC First Bank, LIC Housing Finance for non-compliance thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
In a statement, the RBI said the penalty on IDFC First Bank has been imposed for non-compliance with certain directions on 'Loans and Advances - Statutory and Other Restrictions'.
RBI imposes ₹1.40 cr monetary penalty on Bank of India - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
RBI Imposes Pecuniary Penalty On State Bank of India, Canara Bank freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2 crore on State Bank of India (the bank) under relevant section of the banking regulation Act.