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ICICI, Axis, Bank of Baroda, other top banks face THIS major action by Reserve Bank of India

Categories: Politics / Social / technology

The Reserve Bank of India (RBI) has imposed penalties on five major lenders, including ICICI Bank, Bank of Baroda, and Axis Bank, over deficiencies in certain regulatory compliances. The heaviest penalty of Rs 97.8 lakh has been imposed on the ICICI Bank.

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