Question
Which bank was fined ₹61.40 lakh by the RBI for
failing to meet norms on loan components and margin requirements for stock-brokers?Solution
Kotak Mahindra Bank was penalized ₹61.40 lakh for non-compliance with RBI’s regulatory directions regarding loan components and margin requirements related to stock-brokers . This action came after the ISE 2023 assessment. The fine signifies RBI’s commitment to maintaining discipline and risk control within the banking sector, especially in areas like margin financing which can lead to market instability if not properly managed.
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