INDIANB Indian Bank Legal Disputes Announcement 2023 - Penalty Imposed Indian Bank has been imposed a monetary penalty of Rs.1.62 crore by the Reserve Bank of India for non-compliance with certain directions issued by RBI on Loans and Advances - Statutory and Other Restrictions, RBI [Know Your Customer (KYC)] Directions, 2016 and RBI (Interest Rate on Deposits) Directions, 2016..Find Corporate Announcements for Press Releases, AGM, Insider Trading & SAST, Results and Corporate Action for Indian Bank