IDBI Bank, Citibank Fined Rs72.58 Lakh Over LRS and FEMA Violations
Reserve Bank of India (RBI) has imposed penalties of Rs72.58 lakh on Citibank NA and IDBI Bank Ltd for non-compliance with the directions issued by the banking regulator. Citibank has been slapped with a fine of Rs36.28 lakh while IDBI Bank has been …