RBI Imposes ₹26.70 Lakh Penalty on India Post Payments Bank
International Payments Bank Limited (IPPB) has been fined ₹26.70 lakh by the Reserve Bank of India (RBI) for failing to adhere to regulatory standards. The sanction was instituted as a result of violations related to “Customer Service in Banks,” emphasising the significance of upholding customer rights and adhering to banking regulations. Why Did RBI Impose …