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RBI Penalises Axis, HDFC, ICICI banks for rule violations
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Posted : Wednesday, June 12, 2013
RBI imposed a penalty of Rs 5 crore on Axis Bank, Rs 4.5 crore on HDFC Bank and
Rs 1 crore on ICICI Bank for KYC rule violations. RBI said, revealed violation of certain regulations
and instructions issued by the central bank from time to time.