Question
How many private sector banks were penalized by the RBI
in FY25?Solution
In FY25, the RBI penalized 15 private sector banks, with total fines amounting to ₹14.8 crore. These penalties were part of a broader regulatory action involving 353 penalties totaling ₹54.78 crore, imposed on various regulated entities for lapses in areas like KYC, cybersecurity, and credit reporting.
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