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 […]
Bank Name Rajapur Urban Co-operative Bank Ltd. Penalty Amount ₹50,000/- Date of Order January 23, 2026 Inspection Ref Date March 31, 2025 Executive Summary The Reserve Bank of India (RBI) imposed a monetary penalty of ₹50,000 on the bank for non-compliance with specific directions concerning ‘Loans and advances to directors, their relatives, and firms/concerns in
1. Lokapavani Mahila Sahakari Bank Niyamitha, Mandya Key Regulatory Details Regulatory Act Section 35A read with Section 56 of the Banking Regulation Act, 1949 Original Directive Date July 29, 2025 Action Taken Extension of Directions (3 Months) New Validity Period Close of business January 30, 2026 to April 30, 2026 Root Cause Analysis (RCA) Liquidity
1. Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow Key Details of Action Directive Type: Extension of Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949. Extension Period: 3 Months (January 27, 2026 – April 27, 2026). Original Order: Initially placed under directions on January 28, 2022. Key Restrictions: Caps on
1. Executive Summary The Reserve Bank of India (RBI) has extended the validity of its Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. Originally imposed on July 21, 2022, due to the bank’s deteriorating financial health, these directions
1. Pimpri Chinchwad Sahakari Bank Maryadit Key Details Penalty Amount ₹2.10 Lakh Date of Order January 20, 2026 Press Release 2025-2026/1971 Reason for Penalty Non-compliance with RBI directions on ‘Exposure Norms and Statutory / Other Restrictions’. Specific Charge Breach The bank had breached the prescribed limit on unsecured advances. Root Cause Analysis (RCA) System Configuration
1. Key Details of the Action The Reserve Bank of India (RBI) has extended the period of directions issued to The Konark Urban Co-operative Bank Ltd., Ulhasnagar. These directions, originally imposed to safeguard depositor interest due to the bank’s financial instability, restrict the bank’s operational freedom. Parameter Details Bank Name The Konark Urban Co-operative Bank
1. Key Regulatory Details Name of the Entity The Nandura Urban Co-operative Bank Ltd., Nandura, Maharashtra Penalty Amount ₹1,00,000 (Rupees One Lakh) Order Date January 13, 2026 Press Release Date January 19, 2026 Reference Inspection Date March 31, 2025 Regulatory Violation Non-compliance with ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ 2. Root Cause
Reserve Bank of India (Priority Sector Lending – Targets and Classification) (Amendment) Directions, 2026 Date of Issue: January 19, 2026 Reference: PR 2025-2026/1947 Executive Summary The Reserve Bank of India has issued amendments to the Master Directions on Priority Sector Lending (PSL) to align with recent regulatory notifications and expand the scope of eligible entities
1. Sarvodaya Co-operative Bank Ltd., Mumbai Key Regulatory Details Original Directive Date: April 15, 2024 Current Extension Period: January 16, 2026 – April 15, 2026 Operational Restrictions: Cap on withdrawals (initially ₹15,000); Ban on new loans/investments without prior approval. Regulatory Trigger: Deteriorating financial position and liquidity constraints. Root Cause Analysis (RCA) The continued imposition of
