Kotak Mahindra Bank, IndusInd Bank fined for rule violations - Moneycontrol

The RBI has increased the scrutiny of regulated entities to ensure proper compliance of corporate governance practices

The Reserve Bank of India (RBI) on July 4 imposed a monetary penalty on private lenders Kotak Mahindra Bank and IndusInd Bank for non-compliance with loan and KYC directives. The banking regulator i… [+1820 chars]

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