RBI imposes Rs 1 cr penalty each on Kotak Mahindra Bank, IndusInd Bank - Shahpur Turk CSC - Common Service Centre in Sonipat RBI imposes Rs 1 cr penalty each on Kotak Mahindra Bank, IndusInd Bank

06 July 2022

RBI imposes Rs 1 cr penalty each on Kotak Mahindra Bank, IndusInd Bank

RBI on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance. Besides, the RBI has also imposed penalties on four co-operative banks.

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