The Reserve Bank of India has penalized four banks. ICICI Bank, Bank of Baroda, IDBI Bank, and Bank of Maharashtra faced action. Penalties resulted from non-compliance with regulatory norms. ICICI Bank's penalty was Rs 97.80 lakh. Bank of Baroda's penalty was Rs 61.40 lakh. IDBI Bank and Bank of Maharashtra each faced Rs 31.8 lakh penalties.
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