RBI inspected the books of ICICI Bank in 2020 and 2021 to evaluate its financial status. During the inspection, RBI found that the bank had given loans to companies where two of the lender’s directors held board positions — in violation of RBI guidelines. The bank also marketed and sold non-financial products, which are outside the remit of a commercial bank.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NvWr6Dw
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