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RBI slaps penalty of Rs.50 lakh on ICICI Bank, Rs.25 lakh on BoB

RBI slaps penalty of Rs.50 lakh on ICICI Bank, Rs.25 lakh on BoB

🕔10:10, 18.Dec 2014

New Delhi, Dec 18  The Reserve Bank of India (RBI) Wednesday imposed a penalty of Rs.50 lakh on ICICI Bank and Rs.25 lakh on Bank of Baroda for violation of KYC norms, a statement issued by the apex bank said.

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