RBI Imposes Rs 1.05 Crore Fine on Kotak Mahindra Bank for Non-Compliance of Rules - News18
7/4/2022 12:00:00 AM2 years 10 months ago
by Business Desk
by Business Desk
This penalty on Kotak Mahindra Bank has been imposed in exercise of powers vested in RBI under various provisions of the Banking Regulation Act.
The Reserve Bank of India has on Monday, July 4, announced a penalty of Rs 1.05 crore on Kotak Mahindra Bank for non-compliance of its directives, the central bank said in a press release on the day.… [+2989 chars]
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