1. The Mehsana Urban Co-operative Bank Limited, Gujarat Key Details Penalty Amount: ₹25,00,000 (Rupees Twenty-Five Lakh) Offence Date Reference: Financial position as on March 31, 2024 Core Violation: Non-classification of credit facilities of certain borrowers as Non-Performing Assets (NPAs). Relevant Regulation: RBI directions on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’. […]
1. The Arantangi Co-operative Town Bank Limited Key Details State: Tamil Nadu Penalty Amount: ₹50,000/- Date of Order: October 22, 2025 Violation Area: Declaration of dividend by UCBs Charge Sustained: Paid dividend from “accumulated profits of previous years”. Root Cause Analysis (RCA) The primary root cause is likely a misinterpretation or lack of adherence to
1. Key Penalty Details The Reserve Bank of India (RBI) imposed a monetary penalty on a Cooperative Bank for statutory non-compliance related to the management of unclaimed deposits. Entity Penalized: Rampur Jilla Sahkari Bank Ltd., Uttar Pradesh. Penalty Amount: ₹5,00,000 (Rupees Five Lakh only). Date of RBI Order: October 3, 2025. Regulatory Violation: Contravention of
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
