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RBI imposes ₹66.7 lakh penalty on Bank of Baroda and GIC Housing — India Verified

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RBI imposes ₹66.7 lakh penalty on Bank of Baroda and GIC Housing

Business4 Jul 2026, 09:11 pmQuick read

RBI imposes ₹66.7 lakh penalty on Bank of Baroda and GIC Housing

Credibility score80 / 100

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2sources verified

The RBI has penalized Bank of Baroda and GIC Housing Finance for non-compliance. The total penalty is ₹66.7 lakh. Bank of Baroda was fined for excess interest charges.

AI Credibility Analysis

The score falls in the 70-89 band as it is based on 2 named sources, including Livemint and The Times of India, with specific details on the penalties imposed by the RBI.

Original Sources

Mint
The Economic Times

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RBI imposes ₹66.7 lakh penalty on Bank of Baroda and GIC Housing

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