RBI Fines ICICI, Axis, 3 Other Key Banks Over Lack Of Regulatory Compliances
All India
Updated: May 4, 2025
Summary is AI-generated, newsroom-reviewed
The Reserve Bank has fined five banks, including ICICI (Rs 97.80 lakh) and Bank of Baroda (Rs 61.40 lakh), for regulatory non-compliance. Other penalties include IDBI (Rs 31.80 lakh) and Bank of Maharashtra (Rs 31.80 lakh), and Axis Bank (Rs 29.60 lakh).