RBI Penalty Report – 5th Jun 2026

1. Canara Bank Penalty: ₹41.80 Lakh Key Details Order Date: June 5, 2026 Inspection Reference: March 31, 2025 Violations: Failure to upload KYC records of certain customers onto the Central KYC Records Registry (CKYCR) within the prescribed timeline. Classifying certain accounts as ‘inoperative’ despite the last customer-induced transaction being less than one year old. Root […]

RBI Penalty

RBI Draft Amendments Report – 5th Jun 2026 | Interest Rate on Deposits

RBI Amendment Directions, 2026 – Management Report Date of Press Release: June 05, 2026 Subject: Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026 Objective: To provide flexibility in pricing Rupee bulk deposits and ensure uniformity in the public disclosure of deposit interest rates. Action Required: Submit comments/feedback via ‘Connect 2 Regulate’ portal

RBI Amendments Draft
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