RBI Fines Axis Bank and HDFC Bank for Non-Compliance [Current Affairs]
The Reserve Bank of India (RBI) has levied fines on HDFC Bank and Axis Bank due to regulatory non-compliance. HDFC Bank has been fined ₹1.91 crore, while Axis Bank has received a ₹1 crore penalty. The penalties are imposed for violations of RBI directives related to deposit regulations, KYC norms, and agricultural loans. HDFC Bank…