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ICICI Bank Limited ( (IN:ICICIBANK) ) has shared an announcement.
ICICI Bank Limited has received a compounding order from the Reserve Bank of India, requiring the bank to pay a sum of INR 22,73,554 due to several regulatory violations. These include delays in filing required forms and annual returns, as well as receiving funds through ineligible payment modes. This financial penalty highlights the importance of compliance with regulatory timelines and procedures for the bank’s operations.
More about ICICI Bank Limited
ICICI Bank Limited operates in the banking industry, providing a wide range of financial services including banking, investment, and insurance products. It primarily focuses on retail and corporate banking, serving a diverse clientele in India and internationally.
Average Trading Volume: 521,061
Technical Sentiment Signal: Buy
Current Market Cap: 9707.3B INR
See more data about ICICIBANK stock on TipRanks’ Stock Analysis page.