Axis Bank Faces Rs 90.92 Lakh Penalty from RBI for Norm Violations
Finance
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Axis Bank Faces Rs 90.92 Lakh Penalty from RBI for Norm Violations

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November 17, 2023
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Axis Bank has incurred a monetary penalty from the Reserve Bank of India (RBI) for non-compliance with various regulations. The penalty, amounting to ₹90.92 Lakh, is a result of the bank’s failure to adhere to specific directives outlined by the RBI, including those related to ‘Know Your Customer (KYC) Directions,

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