RBI imposes penalties worth Rs 14.5 cr on 14 banks including Bank of Baroda, SBI, and IndusInd Bank
Shortpedia
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RBI imposed penalties worth Rs 14.5 crore on 14 banks for contravening provisions related to bank lending to non-bank finance companies and maintaining data on large exposures. While Bank of Baroda was levied a penalty of Rs 2 crore, IndusInd Bank, Bandhan Bank, Credit Suisse AG, Central Bank of India, Bank of Maharashtra, Indian Bank, Utkarsh Small Finance Bank were asked to cough up Rs 1 crore as fine.
