Bansal Credits Limited Penalty: ₹6.20 Lakh Key Regulatory Details Order Date December 02, 2025 Inspection Date March 31, 2024 Regulatory Act Section 58G(1)(b) read with 58B(5)(aa) of RBI Act, 1934 Reason for Penalty 1. Failure to put in place a system for alerts for suspicious transactions. 2. Failure to upload KYC records to the Central […]
1. Credit Information Reporting Framework Applicable Entities Commercial Banks, SFBs, LABs, RRBs, UCBs, StCBs, DCCBs, AIFIs, NBFCs, ARCs, and Credit Information Companies (CICs). Core Amendment: Transition from Fortnightly to Weekly Incremental Reporting. Specific Changes Required: Reporting Frequency Cycle: IT systems must be reconfigured to extract and submit credit data on a weekly basis. Data Ingestion
The Arni Co-operative Town Bank Limited Penalty: ₹2.00 Lakh Location Tamil Nadu Order Date Nov 27, 2025 Inspection Position March 31, 2024 Regulatory Act Banking Regulation Act, 1949 (Section 47A(1)(c)) Key Non-Compliance Details Refund of Share Capital: Allowed refund to members despite CRAR being below regulatory minimum. Loan Sanctions (Share Linking): Sanctioned loans without adhering
1. HDFC Bank Limited Key Penalty Details Penalty Amount ₹ 91.00 Lakh Date of Order November 18, 2025 Regulatory Violation Contravention of Banking Regulation Act (Section 19(1)(a) & 6(1)) and specific RBI directions. Specific Charges Adopting multiple benchmarks within the same loan category. Wholly owned subsidiary undertook non-permissible business. Outsourcing of KYC compliance determination to
1. The Fatehpur District Co-operative Bank Limited, Uttar Pradesh Penalty Amount ₹2.00 Lakh Order Date November 20, 2025 Regulatory Basis Non-compliance with RBI directions on ‘Know Your Customer (KYC)’. 🚩 Key Deficiencies Failure to put in place a system for periodic review of risk categorization of accounts (required at least once every six months). Failure
1. Shri Basaveshwar Sahakari Bank Niyamitha, Bagalkot Penalty Amount: ₹1.00 Lakh Violation Category: IRAC Norms & Interest Rates on Deposits Key Details The bank failed to classify certain loan accounts as Non-Performing Assets (NPA) in accordance with Income Recognition and Asset Classification (IRAC) norms. Additionally, it opened savings deposit accounts for entities that were ineligible
1. Key Details of the Contravention This section summarizes the regulatory action taken by the Reserve Bank of India (RBI) against the bank, based on the findings from the Statutory Inspection for Supervisory Evaluation (ISE 2024). Penalized Entity: Tamilnad Mercantile Bank Limited Penalty Imposed: Rs. 39.60 Lakh Order Date: November 13, 2025 Statutory Violations: Section
The Mettupalayam Co-operative Urban Bank Limited, Tamil Nadu 1. Key Details of Regulatory Action Regulator Reserve Bank of India (RBI) Date of Order November 11, 2025 Penalty Imposed ₹1.50 Lakh (Rupees One Lakh Fifty Thousand only) Inspection Reference Date Financial position as on March 31, 2025 Regulations Violated ‘Loans and advances to directors, their relatives,
Contextual Assumption: The Root Cause Analysis (RCA), Preventive Controls, and Lessons Learned for regulatory cancellations are based on common statutory failures under Section 45-IA(6) of the RBI Act, as the specific breach was not detailed in the press releases. For voluntary surrenders, the RCA reflects strategic business decisions. 1. Parichay Commotrade Pvt Ltd Key Details
🏦 The Mumbai District Central Co-operative Bank Ltd., Maharashtra Key Details (Factual) Penalty Imposed: ₹2 Lakh (Rupees Two Lakh only). Contravention: Contravention of provisions of “Section 20 of the Banking Regulation Act, 1949 (BR Act)”. Sustained Charge: The bank had “sanctioned certain director related loans”. Financial Position Reference: As on March 31, 2024. Root Cause
