RBI slaps Rs 50 lakh penalty on ICICI Bank, Rs 25 lakh on BoB
RBI on Wednesday imposed a penalty of Rs 50 lakh on ICICI Bank and Rs 25 lakh on Bank of Baroda for violation of KYC norms after they allowed opening of accounts in the name of a statutory body by fraudsters.
Dec 17, 2014, 20:26 PM IST