Tax & Penalty14 Aug 2026, 08:22 pm
Indusind Bank Fined ₹59.2 Lakh by RBI
AI Summary
Indusind Bank Ltd has been penalized ₹59.20 lakh by the Reserve Bank of India (RBI) for non-compliance with directions on 'Interest Rate on Deposits' and 'Securitisation of Standard Assets'. The penalty was imposed under the Banking Regulation Act, 1949. The bank has stated that this intimation is also being uploaded to its website. The impact on the bank's financial or operational activities is quantified by the penalty amount.
Key Highlights
- RBI imposed a penalty of ₹59.20 lakh on Indusind Bank.
- The penalty is for non-compliance with deposit interest rate and securitisation rules.
- The action was taken under the Banking Regulation Act, 1949.
- The bank has disclosed the penalty amount and the reasons for it.
Price Impact
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