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RBI slaps monetary penalty of Rs 1 crore on IDBI Bank

04 Mar 2019 Evaluate

Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on IDBI Bank for contravention of regulatory directions of RBI on Time bound implementation and strengthening of SWIFT related operational controls.

The Bank has put in place necessary corrective actions to strengthen its internal control mechanisms so as to ensure that such incidents do not recur.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

IDBI Bank Share Price

74.76 -1.03 (-1.36%)
08-May-2026 16:59 View Price Chart
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Company Name CMP
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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