RBI Slaps Bank of Baroda and GIC Housing with Fines

So, the RBI just hit Bank of Baroda with a massive ₹63.6 lakh fine for totally ghosting the 'Fair Practices Code' and KYC rules. GIC Housing Finance didn’t dodge the bullet either, snagging a ₹3.1 lakh penalty for slacking on their KYC game. Talk about a compliance disaster! Both banks are in hot water for major fails. Can you say yikes?