07-05-2022 10:20 AM | Source: Accord Fintech
RBI imposes penalty of Rs 1 crore on IndusInd Bank
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Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the IndusInd Bank. RBI has imposed penalty for failure in restricting transactions to the stipulated limits in accounts opened using OTP based e-KYC, in non-face-to-face mode.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
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