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RBI Penalties on Banks: April 2025 Summary by Manish Kumar Rai is a document available to read on EtoBox.

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The Reserve Bank of India (RBI) has imposed significant penalties on several banks, including ₹29.60 lakh on Axis Bank for unauthorized internal account operations, ₹97.80 lakh on ICICI Bank for cyber security and KYC violations, and ₹31.80 lakh on Bank of Maharashtra for KYC non-compliance. Other penalties include ₹31.80 lakh on IDBI Bank for overcharging interest on loans and ₹61.40 lakh on Bank of Baroda for improper incentives and failure to credit interest in dormant accounts. These actions highlight t

Author

Manish Kumar Rai

Language

EN