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RBI imposes Rs. 30 Lac penalty on Axis Bank for Non-Compliance with directions on 'Prudential Norms on Income Recognition'
The Reserve Bank of India (RBI) has imposed Rs. 39 lakhs penalty on Axis Bank, one of the top banks in India. According to the RBI, the axis bank...
![RBI directs Banks to make detailed Board approved policy on methodology and periodicity for review/renewal of Credit facilities [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/08/RBI-methodology-periodicity-credit-facilities-Taxscan.jpg "RBI directs Banks to make detailed Board approved policy on methodology and periodicity for review/renewal of Credit facilities [Read Circular]")