RBI's fine on Kotak Mahindra Bank: Why this amount of Rs 2 cr was slapped
RBI has imposed a monetary penalty of Rs 2 cr on Kotak Mahindra Bank Limited (the bank) for non-compliance with the directions issued to the bank by the Apex Bank.
This penalty has been imposed taking into account the default committed by the bank in complying with the aforesaid directions issued by RBI. Photo: PTI