In terms of powers conferred under provisions of Section 47(A)(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, Indusind Bank has informed that RBI has imposed a monetary penalty of Rs 10 million on the Bank for non-compliance with direction issued in respect of time-bound implementation and strengthening of one of SWIFT-related operational controls which was put in place subsequently. This disclosure is being made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of this letter is being uploaded on the website of the Bank at www.indusind.com.
The above information is a part of company’s filings submitted to BSE.
