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RBI imposes Rs.30 million-penalty on Axis Bank

RBI imposes Rs.30 million-penalty on Axis Bank
Author: ANI

Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty worth Rs. 30 million on Axis Bank Limited (the bank) for non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms.


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