The Reserve Bank of India imposed a Rs 66.7 lakh penalty on both institutions for regulatory violations, including excess interest charges and delayed risk reviews.

The Reserve Bank of India has levied significant penalties on Bank of Baroda and GIC Housing Finance for regulatory breaches. Bank of Baroda faces a Rs 63.6 lakh fine for charging…

The Reserve Bank of India imposed a Rs 66.7 lakh penalty on both institutions for regulatory violations, including excess interest charges and delayed risk reviews.