RBI imposes penalties on Axis, IDBI Bank


RBI imposes penalties on Axis, IDBI Bank

RBI, however, said the penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by them with their respective customers.

The company owes little less than ₹6,000 crore to the country's financial system, with Bank of Baroda exposure being nearly a quarter of the total loans, a third person said.


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