RBI imposes fine, RBI imposes heavy fine on 10 banks including Bank of Maharashtra, Axis Bank, what will happen to customers
The Reserve Bank of India has imposed heavy fines on 10 banks for flouting the rules. Three big banks are also included in the banks which have been fined. This fine has been imposed on Jammu and Kashmir Bank, Bank of Maharashtra and Axis Bank. Apart from these banks, the names of 7 co-operative banks are also included.