RBI Fines ICICI, Axis, 3 Other Key Banks Over Lack Of Regulatory Compliances

RBI Fines ICICI, Axis, 3 Other Key Banks Over Lack Of Regulatory Compliances

A penalty of Rs 31.80 lakh was imposed on Bank of Maharashtra for non-compliance with certain directions on KYC.

RBI Imposes Penalty of Rs. 2.206 Cr on 5 major banks for Lack of Regulatory Compliance

RBI Imposes Monetary Penalties on Bank of Maharashtra, Bank of Baroda, ICICI, Axis, and IDBI Bank for Lack of Regulatory Compliance The Reserve Bank of India (RBI) has imposed monetary penalties on five Indian Banks. The penalties were imposed on Friday on ICICI Bank, Axis Bank, IDBI Bank, Bank of Maharashtra and Bank of Baroda […]

RBI Imposes Penalty of Rs 2.5 Cr on ICICI, Axis, BoB, BoM, and IDBI Banks for Compliance Failures I India CSR

MUMBAI (India CSR): In a significant move to enforce regulatory compliance, the Reserve Bank of India (RBI) has imposed penalties totaling Rs 2.52 crore on five prominent Indian banks—ICICI Bank, Axis Bank, Bank of Maharashtra, Bank of Baroda, and IDBI Bank. The fines, announced on Friday, May 2, 2025, address a range of compliance failures, including issues related to cybersecurity, customer service, Know Your Customer (KYC) norms, and internal…

NZ High Court Orders Westpac to Pay Penalty for Misleading Customers

Westpac was fined for failing to deliver contractually agreed discounts to over 20,000 customers, a breach of the FMCA's fair dealing provisions. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Inf…

Bank alert..! RBI has imposed heavy penalty on 4 banks simultaneously, check details

4 Bank Penalty Update: This action comes at a time when the RBI is constantly monitoring banks amid growing concerns about digital banking, cyber security and customer protection. This clearly indicates that any kind of laxity will not be tolerated by financial institutions in following the rules. The Reserve Bank of India (RBI) has imposed a fine of millions of rupees on four major banks of the country due to lapses in regulatory compliance. In…

Stocks to buy for long term: Axis Bank to M&M — ICICI Securities expert picks five shares to buy for up to 43% gain

Source: Live Mint Stocks to buy for the long term: Despite strong volatility caused by heightened uncertainty surrounding the trade war, Q4 earnings, and geopolitical tensions, the Indian stock market benchmark Nifty 50 extended its gains for the second consecutive month in April. Even as the volatility index, India VIX, surged 43.3 per cent last month, the Nifty 50 rose 3.5 per cent after a 6.30 per cent rise in March. Year-to-date, the bench…