RBI imposes penalty on Airtel Payments Bank

RBI shock to Airtel Payments Bank, negligence in banking rules proved costly; Fine of ₹31.80 lakh imposed

RBI Action On Airtel Payments Bank: The Reserve Bank of India (RBI) on Monday took strict action against Airtel Payments Bank Limited (Bank). The central bank has imposed a penalty of Rs 31.80 lakh on Payments Bank for non-compliance with certain provisions of directions related to disclosures in financial statements. This penalty has been imposed under the powers vested in the RBI under the provisions of Section 47A(1)(c) and Section 46(4)(i) o…

RBI imposes penalty on Airtel Payments Bank

Mumbai, Mar 30 (PTI) The RBI on Monday imposed a Rs 31.8 lakh penalty on Airtel Payments Bank for non-compliance with certain provisions related to disclosure in financial statements.The Reserve Bank of India (RBI) said it had conducted a statutory inspection for supervisory evaluation of the bank with reference to its financial position as of March 31, 2025.Based on supervisory findings of non-compliance with RBI directions and related correspo…