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Tag "penalty"

Axis Bank offers term deposits without penalty on premature closure

Axis Bank offers term deposits without penalty on premature closure

🕔18:33, 11.Jan 2021

New Delhi, Jan 11  Axis Bank, India’s third-largest private sector bank, on Monday announced the removal of penalty on premature closure of all new retail term deposits booked on or after December 15, 2020 for a tenure of 2 years

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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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