In the instance of Axis bank, the action was taken for failing to comply with RBI criteria on loans and advances, KYC guidelines, and the penalty for failing to maintain a minimum level in savings accounts. The RBI stated that Axis bank breached several criteria by failing to maintain the appropriate margin on intraday facilities available to stockbrokers.

Axis issued a number of CIFs to clients.

"The bank followed restrictive processes in the selling of insurance products to consumers," the RBI stated. In addition, when opening the account, the bank neglected to verify the clients' officially legitimate documents with the originals. Several CIF instances were based on customer IDs rather than a Unique customer Identification Code (UCIC). Furthermore, all cases of levying fines for failure to maintain a minimum amount in the bank's savings bank accounts were not proportionately right.

IDBI bank is stymied due to a delay in reporting thefts.

The RBI stated that in the instance of idbi bank, the lender disclosed the offences late. In addition, late filing of flash reports in the event of scams involving Rs 5 crore or more. The bank failed to implement the holiday scheduling limits. Furthermore, data access control for corporate net banking failed in the instance of unlawful deposits via money transfers in the accounts of two cooperative banks. In this case, the RBI had also issued show cause notes to both banks.