RBI Slaps Bank of Baroda and GIC Housing with Fines

Folks, the Reserve Bank of India just made a HUGE move! They hit Bank of Baroda with a staggering ₹63.6 lakh penalty! Why? Because they flubbed the 'Fair Practices Code' and KYC rules. And GIC Housing Finance? They got a tiny slap of ₹3.1 lakh for not keeping their accounts straight. Compliance, people! It's a big deal! I told you so!