1. Key Incident Details Bank Name The Berhampur Co-operative Urban Bank Limited, Odisha Penalty Amount ₹2.00 Lakh Order Date February 11, 2026 Reference Inspection Financial position as on March 31, 2025 Regulatory Violation Non-compliance with ‘Exposure Norms and Statutory/Other Restrictions for UCBs’. Specifically, breaching prudential inter-bank (gross) exposure limits and inter-bank counter-party limits. 2. Root […]
Executive Summary The Reserve Bank of India has cancelled the Certificate of Registration (CoR) of seven Non-Banking Financial Companies (NBFCs) based in Kolkata. This action was taken under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following this cancellation, these companies are prohibited from transacting the business of a Non-Banking Financial Institution
1. Executive Summary The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of eight Non-Banking Financial Companies (NBFCs) following their voluntary surrender of the same. This action was executed under Section 45-IA (6) of the Reserve Bank of India Act, 1934. The cancellations are categorized into three distinct regulatory scenarios: voluntary
Source: RBI Press Release 2025-2026/2074 Date Issued: February 09, 2026 Effective Date: April 01, 2026 1. Applicable Entities These directions modify the Master Direction – Lending to Micro, Small & Medium Enterprises (MSME) Sector (Updated as on July 23, 2025). Consequently, the amendments are applicable to: All Scheduled Commercial Banks (SCBs) Small Finance Banks (SFBs)
1. Executive Summary The Reserve Bank of India (RBI) has imposed a monetary penalty on Bharat Co-operative Bank (Mumbai) Limited for non-compliance with specific regulatory directions. This action follows a statutory inspection based on the bank’s financial position as of March 31, 2025. Penalty Amount ₹15 Lakh (Rupees Fifteen Lakh) Date of Order February 6,
1. Daund Urban Co-operative Bank Limited Location: Daund, Maharashtra | Penalty Amount: ₹5,000 Key Details Regulatory Order Date February 02, 2026 Violation Category Credit Information Reporting Specific Charge Failure to submit credit information of customers to any Credit Information Companies (CICs). Regulatory Act Credit Information Companies (Regulation) Act, 2005 (Section 25 read with Section 23).
Executive Summary The Reserve Bank of India (RBI) has extended the period of Directions imposed on Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru for a further period of three months, valid until May 10, 2026. This extension highlights the regulator’s continued dissatisfaction with the bank’s financial position following the massive financial irregularities first uncovered in
Parameter Details Bank Name Sikar Urban Co-operative Bank Ltd, Sikar Regulatory Action Withdrawal of All-Inclusive Directions Original Direction Date October 26, 2018 (Effective Nov 09, 2018) Withdrawal Date February 04, 2026 (Close of Business) Authority Section 35A read with Section 56 of the Banking Regulation Act, 1949 1. Executive Summary The Reserve Bank of India
1. Key Details: Comparative Overview Parameter The Jaipur Central Co-operative Bank Ltd. Jilla Sahkari Bank Limited, Kanpur Location Rajasthan Uttar Pradesh Penalty Amount ₹1 Lakh ₹3 Lakh Order Date January 30, 2026 January 30, 2026 Regulatory Basis Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act Inspection Source NABARD Statutory Inspection
The Reserve Bank of India (RBI) has imposed a monetary penalty on Northern Arc Capital Limited for non-compliance with KYC (Know Your Customer) Directions. The penalty stems specifically from deficiencies in the company’s automated transaction monitoring capabilities observed during the statutory inspection for the financial position as of March 31, 2024. 1. Key Incident Details
