The Reserve Bank of India (RBI) today penalised the country’s top three private lenders – ICICI Bank, HDFC Bank and Axis Bank – for violating its instructions on know-your-customer (KYC) and anti-money laundering (AML) guidelines. • Axis Bank has been fined Rs 5 crore, • HDFC Bank Rs 4.5 crore and • ICICI Bank Rs 1 crore. RBI […]