The Reserve Bank of India has fined Axis Bank ₹1.91 crore and HDFC Bank ₹1 crore for regulatory non-compliance. Axis Bank's violations incl...

In February, the RBI had ordered the credit card company to stop using an unauthorised route to make some commercial payments, per a Reuter...

ICICI Bank has been penalised for contraventions pertaining to loans and advances-statutory and non-compliance with RBI directions on fraud...

RBI said in a statement on Friday that “it was observed that the entity was non-compliant with the directions issued by RBI on Know-Your-Cu...

Among others, the regulator has imposed a Rs 30 lakh penalty on The Jammu and Kashmir State Co-operative Bank Ltd; a fine of Rs 6 lakh on M...

About Federal Bank, RBI said the bank failed to ensure that no incentive (cash or non-cash) was paid to its staff engaged in insurance brok...

The Reserve Bank of India (RBI) fined Manappuram Financing Rs 17 lakh for violating KYC and prepaid payment instrument standards. The compa...

The bank has been penalised for non-compliance with certain provisions of directions issued by RBI on frauds classification and reporting.

The fine pertains to submission of forged bill of entries (BoEs) by certain importers to HDFC Bank for remittance of foreign currency

Yes Bank also informed about a fine of Rs 1 crore for non-compliance of directions on Swift.

RBI has imposed the fines over the past four days, according to stock exchange filings by the banks, though specifics of the non-compliance...

RBI has levied an aggregate penalty of Rs 10 million on the bank for non-compliance of regulatory directions.

Karur Vysya said that the RBI has imposed a monetary penalty of Rs 1 crore on the bank for non-compliance with the directions issued on Swi...

While Andhra Bank was fined Rs 10 crore, the other banks were fined Rs 15 crore each.

The RBI also slapped a fine of Rs 3 crore on state-owned Jammu and Kashmir Bank Ltd for violating similar norms.

The Reserve Bank of India has imposed a fine of Rs 20 million on Indian Overseas Bank for non-compliance with the directions issued by RBI ...

Increasing scrutiny and higher costs for non compliance mean banks would rather have a person who knows the workings of the central bank.