RBI imposes â¹59 crore penalty on ICICI Bank
The RBI has penalised India's third-largest lender ICICI Bank with â¹58.9 crore for failing to comply with held-to-maturity (HTM) guidelines. The penalty is for non-compliance with directions issued on direct sale of securities from its HTM portfolio and specified disclosure in this regard. This is the highest penalty imposed by the RBI on a bank for a single incident.