Home - Banking News - RBI Slaps Rs 3 Crore Fine on IDBI Bank

RBI Slaps Rs 3 Crore Fine on IDBI Bank

RBI has imposed a penalty of Rs 3 crore on IDBI bank for non-compliance to the Income Recognition and Asset Classification (IRAC) norms. RBI has informed the bank vide its letter dated April 10, 2018, a monetary penalty of Rs 30 million on the Bank in exercise of the powers…for non compliance with the directions issued by it on Income Recognition and Asset Classification (IRAC) norms.

IDBI banks is already running under trouble with higher Non Performing Assets (NPA) and loss in business.

Get Daily Updates On Banking, Enter your email address:

For the latest Banking updates, follow AskBankings on Twitter, Facebook, and subscribe to our YouTube channel

Do You Want To Say Something :