Guidelines for banks and financial institutions are issued by the Reserve Bank of India, which is necessary. The Central Bank officials are often investigated to get information about the accused working illegally. Recently, a penalty has been imposed on IDFC Bank by RBI in the case violation case.
Penalty of ₹ 38.60 Lakh
Let us tell you that a penalty of ₹ 38.60 Lakh has been imposed on IDFC First Bank by Reserve Bank of India (RBI). Officials say that a penalty has been imposed on the accused due to the rules violation of RBI KYC Directions. This penalty was imposed on the bank by RBI on 17 April 2025.
The same bank says that the work of internal review has been done as well as work has been started to improve the violation. Apart from this, it has been said that this decision will not have any negative impact on the bank’s daily tasks. It has been said by the bank that such a mistake will be monitored.
