IDFC First Bank has been fined ₹1 crore by the Reserve Bank of India (RBI) for non-compliance with regulatory guidelines. The penalty is a result of violations related to the maintenance of a minimum balance in certain deposit accounts and the incorrect reporting of data to the credit information bureau. The RBI has strict norms in place to ensure the stability and integrity of the banking system, and any deviations are met with penalties to uphold compliance. This action highlights the importance of banks adhering to regulatory standards to maintain trust and stability within the financial sector.