ICICI Bank Limited

RBI has imposed a monetary penalty of ₹75 lakh on ICICI Bank Limited for compliance lapses. The bank was found to have violated directions on property valuation and current account discipline.

ICICI Bank must absorb the financial penalty and tighten compliance controls around mortgage property valuation and current-account opening/maintenance. The order does not itself restrict ongoing operations, but RBI noted that further action may still be initiated separately.

• Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

RBI imposed a penalty of Rs 97.80 lakh on ICICI Bank Ltd. for compliance lapses across cyber security, KYC, and credit card conduct requirements.

ICICI Bank must treat this as a completed regulatory penalty, with no direct operational restriction stated in the release. The finding may increase supervisory scrutiny and could lead to further RBI action if related deficiencies persist, while customers affected by billing/statement lapses or card-charge practices were the underlying subject of the compliance review.

• Section 47A(1)(c)
• Section 46(4)(i) of the Banking Regulation Act, 1949

RBI imposed a ₹1 crore monetary penalty on ICICI Bank Ltd. for non-compliance with lending-related RBI directions. The bank’s term-loan practices for certain projects were found to breach due-diligence and funding-condition requirements.

ICICI Bank must absorb the penalty and continue ensuring strict compliance with RBI’s lending directions, especially around project finance, due diligence, and funding structure. The order does not itself revoke any operating permission, but it signals heightened supervisory scrutiny and potential for further action if similar breaches recur.

• section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949

RBI imposed a ₹12.19 crore penalty on ICICI Bank Ltd. for multiple regulatory breaches, including lending-related contraventions, sale of non-financial products, and delayed fraud reporting.

ICICI Bank must absorb the monetary penalty and ensure tighter compliance with RBI lending restrictions, restrictions on non-financial product sales, and fraud reporting timelines. The action has no stated customer-specific restitution or license impact, but it signals continued supervisory scrutiny over governance, lending norms, and reporting controls.

• sub-section (1) of Section 20 of the Banking Regulation Act, 1949
• sub-section (2) of Section 6 and Section 8 of the Banking Regulation Act, 1949
• Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949

RBI imposed a ₹30 lakh penalty on ICICI Bank for non-compliance with directions on penal charges for non-maintenance of minimum balances in savings bank accounts.

ICICI Bank must absorb the penalty and ensure its penal-charge practices comply with RBI directions on minimum-balance shortfalls. The order does not invalidate customer transactions, but it signals stricter compliance expectations for how the bank levies such charges going forward.

• section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949

RBI imposed a penalty of Rs 3 crore on ICICI Bank Ltd. for violating investment-portfolio prudential directions. The breach related to shifting securities between categories.

ICICI Bank must absorb the monetary penalty and avoid similar breaches of RBI’s investment-portfolio directions going forward. The action has no stated customer compensation or transactional invalidation effect, but it signals tighter compliance expectations for the bank’s securities classification and related regulatory reporting/controls.

• section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949

RBI imposed monetary penalties on 36 banks for non-compliance with SWIFT-related operational control directions. The penalties were issued by orders dated January 31 and February 25, 2019.

The penalized banks must absorb the financial penalty and continue improving compliance with SWIFT-related controls. RBI also stated it will continue to closely monitor adherence to these controls on an ongoing basis; the action does not pronounce on the validity of customer transactions or agreements.

• Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 36 entities. This profile is linked as bulk member.

RBI imposed a ₹589 million penalty on ICICI Bank Limited for non-compliance with directions on direct sale of securities from its HTM portfolio and related disclosure requirements.

ICICI Bank must absorb the monetary penalty and address the compliance lapse that led to the enforcement action. The release does not impose an ongoing operational restriction, but it signals RBI scrutiny over compliance with securities-sale and disclosure norms.

• Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

RBI imposed monetary penalties on 13 banks for KYC/AML and related regulatory violations. The scrutiny also found issues around account monitoring, STR filing, and FEMA-related compliance.

The penalised banks must absorb the monetary penalties and address the compliance gaps identified by the RBI, particularly around KYC, transaction monitoring, STR reporting, and FEMA-related controls. The eight other banks named in the release were not penalised, but were advised to strengthen measures and periodically review compliance processes on an ongoing basis.

• Section 47(A) (1) (c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 21 entities. This profile is linked as bulk member.

RBI imposed a monetary penalty on ICICI Bank Ltd. for KYC/AML violations linked to fictitious accounts used in a fraud. Similar scrutiny was also carried out for four other banks, but only two were penalized.

ICICI Bank Ltd. must absorb the penalty and, along with the other scrutinized banks, strengthen KYC controls and transaction monitoring to prevent fictitious or unauthorized accounts from being opened and used undetected. The release does not indicate any operating restriction beyond the penalty, but it signals the need for tighter compliance processes and remedial controls.

• Section 47(A)(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 5 entities. This profile is linked as primary.

RBI imposed penalties on 12 banks in connection with scrutiny of accounts related to M/s. Deccan Chronicle Holdings Ltd. The banks were found to have violated RBI instructions/directions/guidelines.

Each named bank must bear the imposed penalty; there is no indication of an operational restriction or cancellation. The action signals regulatory non-compliance tied to lending/account handling in relation to the borrower, but the release says it does not determine the validity of any transaction or agreement between the banks and the borrower.

• Section 47A(1) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 12 entities. This profile is linked as bulk member.

RBI imposed monetary penalties on Axis Bank, HDFC Bank and ICICI Bank for multiple compliance violations. The issues centered on KYC/AML lapses, CTR filing failures and other breaches of RBI instructions.

Axis Bank, HDFC Bank and ICICI Bank must absorb the monetary penalties and address the compliance weaknesses identified by RBI. The action has no stated operational restriction in the release, but it signals heightened regulatory scrutiny of KYC/AML controls, reporting processes and related customer-account compliance.

• Section 47(A)(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 3 entities. This profile is linked as bulk member.

RBI imposed monetary penalties on ING Vysya Bank Ltd. and ICICI Bank Ltd. for KYC/AML/CFT compliance breaches. The banks were penalised for multiple due diligence and reporting lapses.

Both banks must absorb the monetary penalties and continue complying with RBI’s KYC/AML/CFT requirements. The action has no direct customer-facing operational restriction, but it underscores ongoing obligations around customer onboarding, due diligence, risk categorisation, and suspicious transaction reporting.

• Section 47A(1)(b)
• Section 46(4)(i)

This RBI action affected 2 entities. This profile is linked as bulk member.

RBI imposed monetary penalties on 19 commercial banks for violating its derivatives-related instructions. The banks were found to have failed on due diligence, suitability checks, and related verification requirements.

Each of the 19 named banks must absorb the monetary penalty and address the compliance gaps identified by RBI. The action does not impose an ongoing operational restriction, but it signals scrutiny over derivatives sales, suitability checks, and underlying verification controls.

• Section 47A(1)(b) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 19 entities. This profile is linked as bulk member.

RBI penalised ICICI Bank Ltd. by Rs. 5 lakh for violating KYC/AML guidelines. The bank had responded to a show-cause notice and was heard before the penalty was imposed.

ICICI Bank must absorb the monetary penalty; the order does not describe any operational restriction or license impact. The underlying compliance issue relates to KYC/AML controls, so the bank is expected to remain compliant with RBI standards going forward.

• Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949