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India's Reserve Bank fines 353 financial entities ₹54.78 crore for regulatory violations.
The Reserve Bank of India imposed penalties totaling ₹54.78 crore on 353 financial entities for non-compliance with regulations during the fiscal year ending March 31, 2025.
The penalties, affecting various areas including cybersecurity, exposure norms, and fraud reporting, were mostly levied on cooperative banks, which received ₹15.63 crore in fines.
Other significant penalties went to non-banking financial companies and private banks.
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El Banco de la Reserva de la India multó a 353 entidades financieras ₹54.78 crore por violaciones regulatorias.