> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# RBI Fines ICICI Bank ₹75 Lakh for Valuation and Current Account Breaches
- URL: https://www.theglobalbanker.com/rbi-fines-icici-bank-75-lakh-valuation-current-account-breaches/
- Published: 2025-08-08T14:14:00.000Z
- Updated: 2026-11-05T13:58:38.000Z
- Description: India's central bank penalised ICICI Bank ₹75 lakh for failing to use independent valuers on mortgage loans and improperly maintaining current accounts.
- Author: TGB Editorial Team
- Tags: Regulations, Asia-Pacific, #archive

The Reserve Bank of India imposed a monetary penalty of ₹75 lakh, equivalent to ₹7.5 million, on ICICI Bank Limited by order dated 7 August 2025, citing non-compliance with two separate regulatory directions governing mortgage loan valuations and the maintenance of current accounts. The penalty was disclosed by ICICI Bank to the stock exchanges under SEBI listing obligations.

The RBI's order found that ICICI Bank had failed to comply with its direction titled 'Valuation of Properties – Empanelment of Valuers', which requires banks to obtain independent valuations of properties offered as security for certain categories of mortgage loan. The central bank also found violations of its 'Opening of Current Accounts by Banks – Need for Discipline' direction, which sets conditions governing how banks may open and maintain current accounts for their customers. 

#### STATUTORY INSPECTION AND SHOW-CAUSE PROCESS

The penalty was triggered by a Statutory Inspection for Supervisory Evaluation, designated ISE 2024, which examined ICICI Bank's operations with reference to its financial position as of 31 March 2024\. Following the inspection, the RBI issued a show-cause notice to the bank, inviting it to explain the lapses identified by the supervisory team. The RBI confirmed that it considered ICICI Bank's written response and heard its oral arguments before issuing the final penalty order.

The RBI stated in its order that the action is without prejudice to any further enforcement steps it may choose to initiate, and that the penalty does not affect the validity of transactions conducted by the bank's customers. 

#### SECOND PENALTY FOR ICICI IN 2025

The August penalty is the second formal monetary sanction the RBI has imposed on ICICI Bank in the current calendar year. In May 2025, the regulator announced a ₹97.8 lakh penalty, imposed by an order dated 29 April 2025, on the bank for non-compliance with its Cyber Security Framework, its Know Your Customer norms, and its guidelines covering credit and debit card operations. Both orders followed RBI statutory inspections of the bank, ISE 2023 for the earlier penalty and ISE 2024 for the August one.

ICICI Bank disclosed the August penalty to the stock exchanges under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations 2015, which mandates timely disclosure of material regulatory actions. The bank is India's second-largest private-sector lender by assets.