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The Times of India

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PTI

RBI imposes penalties on Axis, IDBI Bank

RBI IDBI Bank Axis Bank Reserve Bank of India Mumbai

MUMBAI: Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 93 lakh on Axis Bank for various violations, including those related to KYC guidelines.

The central bank has also slapped a fine of Rs 90 lakh on IDBI Bank.

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