RBI Unleashes Fines on Bank of Baroda and GIC Housing Finance

Hold onto your wallets, folks! The Reserve Bank of India just unleashed a staggering ₹63.6 lakh penalty on Bank of Baroda for dancing with the 'Fair Practices Code' and KYC norms! And GIC Housing Finance? They’re not off the hook, facing a painful ₹3.1 lakh fine for their own KYC blunders. Compliance is the name of the game, and these players are feeling the heat!