RBI imposes ₹97-lakh penalty on ICICI Bank over compliance issues
RBI said that it has imposed penalties on five lenders, including ICICI Bank, Bank of Baroda and Axis Bank, over violations of regulatory norms. ICICI Bank has been imposed a ₹97.80-lakh penalty for non-compliance with the 'Cyber Security Framework in Banks' and the KYC norms. Bank of Baroda has been imposed ₹61.40-lakh penalty for non-compliance with "customer service in banks".