Reserve Bank of India (RBI) slaps ₹61.95 lakh fine on Kotak Mahindra Bank.

Exam-focused facts from the 21 December 2025 current affairs briefing.

Key facts

RBI imposed the penalty for non-compliance with norms on Basic Savings Bank Deposit (BSBD) account, business correspondents, and credit information companies.
Kotak Mahindra Bank opened additional BSBD accounts for customers who already held such accounts.
The bank engaged business correspondents for activities outside the permitted scope.
The lender furnished inaccurate borrower information to credit information companies.