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RBI Imposes Rs 1 91-Crore Penalties on Yes Bank, ICICI Bank For Non-Compliance With Norms

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on ICICI Bank, and Rs 91 lakh on Yes Bank for non-compliance with norms

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RBI imposes Rs 1 crore penalty on ICICI Bank, fines Yes Bank Rs 91 lakhs for non-compliance | Indiablooms

Reserve Bank of India has fined private lenders Yes Bank and ICICI Bank over non-compliance.

Bank ltdReserve bankRupees one croreBanking regulation actStatutory inspectionSupervisory evaluation

ICICI Bank Fined Rs 1 Crore By RBI For Non-Compliance - Details

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

Bank ltdRegulatory breachImage sourceReserve bankBanking regulation actRupees one croreSupervisory evaluation

RBI imposes monetary penalty on Karnataka Bank for rule violations

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

Karnataka bankReserve bankNon performing assetsStatutory inspectionSupervisory evaluation

RBI penalises IDFC First Bank, LIC Housing Finance for non-compliance

RBI penalises IDFC First Bank, LIC Housing Finance for non-compliance
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