Regulatory non - compliance

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ICICI Bank Faces Roughly $1M Penalty Over Regulatory Non-Compliance
ZACKS· 2025-08-12 16:31
Key Takeaways RBI fined ICICI Bank INR7.5M for breaches in property valuation and account opening rules.Inspection found lapses in independent valuations and non-compliant current accounts.Penalty follows earlier RBI fine in May 2025 over cybersecurity and KYC directives.ICICI Bank (IBN) has been charged a monetary penalty of INR7.5 million ($85,479) by the Reserve Bank of India (“RBI”) for non-compliance with regulatory requirements.The penalty was imposed on the bank for not complying with certain RBI gui ...