Wednesday, June 12, 2013

Axis Bank, HDFC Bank and ICICI Bank in focus after RBI penalty

Private sector banks Axis BankHDFC Bank and ICICI Bank will be in focus after the Reserve Bank of India (RBI) on Monday, 10 June 2013, said it has imposed a monetary penalty on these three private sector banks for violating Reserve Bank of India instructions. A penalty of Rs 5 crore has been imposed on Axis Bank, Rs 4.5 crore on HDFC Bank and Rs 1 crore on ICICI Bank............

Read | Business Standard

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