Umbai The Reserve Bank On Friday Said That It Has Fined Idfc First Rs 1 Crore And Lic Housing Finance 49 70 Lakh For Breaching Specific Regulations Penalty Was Levied Due To Failure Adhere Certain Directives Regarding 39 Loans Advances Statutory Other Restrictions News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Mumbai: The Reserve Bank on Friday said that it has fined IDFC First Bank Rs 1 crore and LIC Housing Finance Rs 49.70 lakh for breaching specific regulations. The penalty on IDFC First Bank was levied due to failure to adhere to certain directives regarding 'Loans and Advances - Statutory and Other Restrictions', according to the central bank’s statement.