RBI imposes Rs 3 crore penalty on ICICI Bank

The RBI has imposed a monetary penalty of Rs 3 crore on ICICI Bank for "contravention of certain directions issued by the RBI contained in Master Circular on 'Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks' dated July 1, 2015", the central bank said in a statement.

from Banking/Finance-Industry-Economic Times https://ift.tt/3gZem2D