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RBI imposes penalty of Rs 1 crore on IndusInd Bank

05 Jul 2022 Evaluate

Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the IndusInd Bank. RBI has imposed penalty for failure in restricting transactions to the stipulated limits in accounts opened using OTP based e-KYC, in non-face-to-face mode. 

IndusInd Bank is 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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