RBI imposed a penalty of ₹ 38.60 lakh on IDFC First Bank, what will be affected on customers

RBI imposed a penalty of ₹ 38.60 lakh on IDFC First Bank, what will be affected on customers

Guidelines for banks and financial institutions are issued by the Reserve Bank of India, which is necessary. The Central Bank officials are often investigated to get information about the accused working illegally. Recently, a penalty has been imposed on IDFC Bank by RBI in the case violation case. Penalty of ₹ 38.60 Lakh Let us tell you that a penalty of ₹ 38.60 Lakh has been imposed on IDFC First Bank by Reserve Bank of India (RBI). Officials …

RBI Imposes Penalty: RBI has imposed a penalty of Rs 29.6 lakh on Punjab National Bank for non-compliance with the Reserve Bank's guidelines on customer service.

Reserve Bank Of India: RBI imposed fine on these 3 banks including PNB, the penalty is so huge

Reserve Bank Of India: The Reserve Bank of India (RBI) has recently taken an important step to maintain transparency and discipline in the banking system. RBI has imposed a fine on Kotak Mahindra Bank, IDFC First Bank and Punjab National Bank (PNB) for lapses in regulatory compliance. This fine has been imposed due to violation of various RBI guidelines by the banks.Fine of 61.4 lakhs on Kotak Mahindra BankRBI said in a statement that Kotak Mahi…

Kotak Mahindra, IDFC First, PNB Penalized by RBI for Violating Regulatory Guidelines - The Indian Awaaz

The Reserve Bank of India (RBI) today said it has imposed penalties on Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank for certain deficiencies in regulatory compliance. The RBI, in a statement, said a penalty of Rs 61.4 lakh has been imposed on Kotak Mahindra Bank for non-compliance with certain directions on ‘Guidelines on Loan System for Delivery of Bank Credit’ and ‘Loans and Advances – Statutory and Other Restrictions’. In an…

Punjab National Bank (PNB), India’s first Swadeshi Bank and a leading government-owned bank, launched 34 new banking products and services on the occasion of its 131st Foundation Day (April 12, 2025) at its headquarters in Dwarka, New Delhi (Delhi). The 34 new offerings include 12 customer-centric deposit schemes and 10 digital transformation […] The post PNB launches 34 new products on its 131st Foundation Day appeared first on AffairsCloud.com.