[payal]

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Hi buddy here looking for news related to RBI penalises ICICI Bank, ING Vysya , so would you plz let me know about the same whatever you know , as I am asking for my banking GK ??

[prince karak]

As you asking I am telling about RBI penalises ICICI Bank, ING Vysya, In 2013 The country’s largest private lender, ICICI Bank, and Bangalore-based ING Vysya Bank were penalised by the Reserve Bank of India (RBI) for violating the ‘know you customer’ (KYC) norms.

A penalty of Rs 30 lakh was imposed on ICICI Bank and Rs 55 lakh on ING Vysya Bank.

The penalties have been imposed for contravention of various directions and instructions issued by the central bank on ‘Know Your Customer norms/ Anti-Money Laundering Standards/ Combating of Financing of Terrorism (CFT)/Prevention of Money Laundering Act, 2002

ICICI Bank, stands for Industrial Credit and Investment Corporation of India, is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara.

Bank profile

Type Private

Traded as BSE: 532174

NSE: ICICIBANK

NYSE: IBN

BSE SENSEX Constituent

CNX Nifty Constituent

Industry Banking, Financial services

Founded 1994 (24 years ago)

Headquarters Mumbai, Maharashtra, India

Area served Worldwide

Key people Mr. M. K. Sharma (Chairman)

Mrs. Chanda Kochhar (MD & CEO)

Products Credit cards, consumer banking, corporate banking, finance and insurance,
investment banking, mortgage loans, private banking, wealth management, personal loans,
payment solutions, Trade and Retail Forex.

Revenue 73,660.76 crore (US$12 billion) (2017)

Operating income 58,905.70 crore (US$9.3 billion) (2017)

Profit 9,801.08 crore (US$1.5 billion) (2017)

Total assets 737,546.29 crore (US$120 billion) (2017)

Total equity US$15.4 billion (2017)

Number of employees 84096 (2017)

ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group.

Bank profile
Type Public
BSE: 531807
Industry Banking, Financial Services & insurance
Fate merged with Kotak Mahindra Bank
Founded 2002
(est. 1930 as Vysya Bank)
Headquarters Bangalore, India
Key people Shailendra Bhandari
(CEO & Managing Director)
Uday Sareen
(deputy CEO)
Arun Thiagarajan
(Chairman)
Revenue 5,588 crore (US$880 million)
Net income 613 crore (US$96 million)
Total assets 54,836 crore (US$8.6 billion)
Number of employees
Over 10,000 No. of Branches: 527

No. of ATMS: 405
No. of Extension counters: 10