The Reserve Bank of India (RBI) has recently imposed penalties on three major banks—Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank—for non-compliance with various regulatory directives. The penalties, which total over Rs. 1 crore, were imposed following lapses in areas such as loan systems, Know Your Customer (KYC) norms, and customer service guidelines. These actions serve as a reminder of the importance of strict adherence to regulatory frameworks in India’s banking sector.