RBI imposes penalty on Airtel Payments Bank

Wait 5 sec.

The Reserve Bank of India has levied a Rs 31.8 lakh penalty on Airtel Payments Bank for failing to disclose certain customer complaints in its financial statements for the fiscal year 2024-25. This action follows a statutory inspection that identified non-compliance with RBI's disclosure norms. The penalty underscores the importance of regulatory adherence in financial reporting.