RBI Swings Into Action, Imposes Penalties on Banks for Non-Compliance
The Reserve Bank of India (RBI) has taken strict action against several banks for non-compliance with regulatory norms, imposing monetary penalties to reinforce discipline in the financial sector. This move underscores RBI’s commitment to ensuring transparency, accountability, and adherence to rules across India’s banking ecosystem. Key Highlights of RBI’s Action Why RBI’s Action Matters Comparative…