RBI Fines Axis Bank and HDFC Bank for Non-Compliance – What You Need to Know
RBI Fines Axis Bank and HDFC Bank for Non-Compliance: What You Need to Know Overview of the News In a significant regulatory action, the Reserve Bank of India (RBI) has imposed substantial fines on Axis Bank and HDFC Bank for non-compliance with certain regulatory norms. This move underscores the RBI’s ongoing efforts to enforce adherence…