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The Times of India
The Times of India
Business
PTI

RBI imposes penalty on Kotak Mahindra Bank, IndusInd Bank

IndusInd Bank Kotak Mahindra Bank RBI Reserve Bank Mumbai

MUMBAI: The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance.

Besides, the RBI has also imposed penalties on four co-operative banks.

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