RBI Penalizes ICICI Bank and Kotak Mahindra with ₹12.19 Cr and ₹3.95 Cr Fines for Regulatory Violations

RBI - ICICI Bank and Kotak Mahindra - - Kotak Mahindra ICICI Bank Fines for Regulatory Violations - Regulatory Violations - taxscan

The Reserve Bank of India (RBI) has imposed fines of ₹12.19 Cr and ₹3.95 Cr on the Industrial Credit and Investment Corporation of India (ICICI) and Kotak Mahindra, respectively, for violations of banking regulations on October 17, 2023. ICICI Bank Penalty Imposition The Reserve Bank of India (RBI) imposed a ₹12.19 crore monetary penalty on…

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