The Ghatal Peoples Co-operative Bank Limited, West Bengal Penalty Imposed: ₹5.50 Lakh (Rupees Five Lakh Fifty Thousand Only) Key Details (Violation Summary) Inspection Date March 31, 2024 (Financial Position) Penalty Order Date September 26, 2025 Violations 1. Failure to carry out periodic review of risk categorisation of accounts (at least once in six months). 2. […]
Key Details of Regulatory Action Authority & Power Reserve Bank of India (RBI), under “Section 45-IA(6)” of the RBI Act, 1934. Action Cancellation of Certificate of Registration (CoR) for 21 Non-Banking Financial Companies (NBFCs). Regulatory Consequence Prohibited from transacting the business of a Non-Banking Financial Institution in India. Cancellation Dates Primarily on “September 05, 18,
Key Details of RBI Actions The RBI issued Directions to The Baghat Urban Co-operative Bank Ltd., Solan, on October 06, 2025, using its powers under Section 35 A read with Section 56 of the Banking Regulation Act, 1949. The Directions came into effect from the close of business on October 08, 2025, and are set
1. Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur The RBI issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, effective from the close of business on October 07, 2025. Key Details Detail Description Effective Date of Directions Close of business on October 07, 2025. Duration Six months from the close
Key Details of Regulatory Action The Reserve Bank of India (RBI) cancelled the banking license of Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra, effective from the close of business on October 07, 2025. This action prohibits the bank from conducting the business of ‘banking’, including the acceptance and repayment of deposits. Bank & Regulatory Snapshot
American Express Banking Corp. Key Details Penalty Amount: ₹31.80 Lakh (Rupees Thirty One Lakh Eighty Thousand only) Order Date: October 01, 2025 Inspection Ref: Supervisory Evaluation (ISE 2024) as on March 31, 2024 Non-Compliance: Non-compliance with the Reserve Bank of India (Credit Card and Debit Card Issuance and Conduct) Directions, 2022. Specific Violation: Failure to
1. Key Details of the Penalty Detail Description Bank Name Indian Overseas Bank (IOB) Date of Order September 29, 2025 Penalty Amount ₹31.80 lakh (Rupees Thirty One Lakh Eighty Thousand only) Reason for Penalty Non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) Targets and Classification’ Specific Non-Compliance The bank collected loan-related
The Reserve Bank of India (RBI) imposed monetary penalties on five Co-operative Banks on September 25, 2025, for deficiencies in regulatory compliance based on their financial position as of March 31, 2024. Bank Name State Penalty Amount Primary Reason for Penalty Beed District Central Co-operative Bank Ltd. Maharashtra ₹2.25 Lakh Failure to transfer unclaimed funds
Key Details Parameter Detail Regulated Entity (RE) Muthoot FinCorp Limited Regulatory Authority Reserve Bank of India (RBI) Penalty Amount ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) Date of Order September 24, 2025 Press Release Date September 26, 2025 Date of Inspection Financial position as on March 31, 2024 Non-Compliance Direction Directions issued by RBI
Makarpura Industrial Estate Co-operative Bank Ltd., Vadodara, Gujarat Key Details Penalty Imposed: The Reserve Bank of India (RBI) imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on Makarpura Industrial Estate Co-operative Bank Ltd., Vadodara, Gujarat. The order was dated September 22, 2025. Reason for Penalty: The penalty was for non-compliance with certain
