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RBI imposes Rs 1 crore penalty on IndusInd Bank

06 Mar 2019 Evaluate

Reserve Bank of India (RBI) has imposed an aggregate penalty of Rs 1 crore on IndusInd Bank for non-compliance with directions issued in respect of time-bound implementation and strengthening of SWIFT- related operational controls.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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