Kotak Mahindra Bank Fined for Rule Violations
Published on: Dec. 19, 2025, 7:43 p.m. | Source: Devdiscourse
The Reserve Bank of India has fined Kotak Mahindra Bank Rs 61.95 lakh for not complying with norms related to basic savings accounts, business correspondents, and credit information company rules. The penalty follows a supervisory evaluation revealing multiple non-compliance issues, including duplicate accounts and inaccurate credit reporting.
