
RBI has imposed a monetary penalty of ₹41.8 lakh on Bandhan Bank for non-compliance with Know Your Customer (KYC) guidelines. It has also levied a fine of ₹80,000 on Muthoot Housing Finance Company for failing to follow the Fair Practices Code. Additionally, a cumulative penalty of ₹2.6 lakh was imposed on Ebix Payments Services Ltd and two cooperative banks under the Payment and Settlement Systems (PSS) Act, 2007.
