1. Key Details Regulated Entity: Dr. Panjabrao Deshmukh Urban Cooperative Bank Ltd., Amravati, Maharashtra Penalty Amount: ₹1.09 Lakh (Rupees One Lakh Nine Thousand) Order Date: April 2, 2026 (Inspection Position: March 31, 2025) Primary Violations: Breach of prudential single counterparty exposure limits for non-SLR investments. Levying charges higher than the prescribed regulatory ceiling on certain […]
Executive Summary On April 01, 2026, the Reserve Bank of India (RBI) issued a press release confirming a monetary penalty against Exclusive Capital Limited. The penalty, ordered on March 27, 2026, was imposed due to the entity’s failure to adhere to statutory directions regarding leverage ratio limits and the timely filing of supervisory returns and
1. Nagar Sahakari Bank Limited, Etawah, U.P. Penalty Imposed ₹3.00 Lakh Order Date March 23, 2026 Inspection Date March 31, 2025 📋 Key Details & Violations Sanctioned loans to directors, their relatives, or firms in which they are interested. Failed to accurately classify specific credit facilities as Non-Performing Assets (NPAs). Breached the prescribed regulatory limits
On March 30, 2026, the Reserve Bank of India (RBI) imposed a monetary penalty on Airtel Payments Bank Limited following findings from the Statutory Inspection for Supervisory Evaluation (ISE 2025). This report elaborates on the key facts of the regulatory action, analyzes the root causes of the compliance failure, and outlines preventive controls and lessons
1. Key Details Entity Name: Pine Labs Limited Entity Type: Prepaid Payment Instrument (PPI) Issuer Penalty Amount: ₹3.10 Lakh (Rupees Three Lakh Ten Thousand) Date of Order: March 23, 2026 Statute Invoked: Section 30(1) read with section 26(6) of Payment and Settlement Systems Act, 2007 Primary Violation: Issuing Full-KYC PPIs without completing Know Your Customer
The Reserve Bank of India (RBI) has imposed a monetary penalty on the Central Bank of India for non-compliance with critical regulatory directives identified during the Statutory Inspection for Supervisory Evaluation (ISE 2025). The infractions primarily concern systemic failures in adhering to ‘Know Your Customer (KYC)’ guidelines and ‘Financial Inclusion’ mandates regarding Basic Savings Bank
1. Key Details Bank Name: Bank of India Penalty Amount: ₹58.50 Lakh (Rupees Fifty-Eight Lakh Fifty Thousand) Order Date: March 23, 2026 (Press Release: March 27, 2026) Inspection Reference: Statutory Inspection for Supervisory Evaluation (ISE 2025) referencing financial position as of March 31, 2025. Statutory Provisions: Imposed under Section 47A(1)(c) read with sections 46(4)(i) and
Executive Summary The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹95.40 Lakh on Union Bank of India. The penalty, ordered on March 23, 2026, penalizes the bank for regulatory non-compliances concerning customer liability limits in electronic banking and the automation of asset classification processes. The action follows findings from the Statutory
RBI Penalty Compliance Report 1. The Pali District Central Co-operative Bank Ltd., Rajasthan Key Details Penalty Amount: ₹50,000 Date of Order: March 17, 2026 Inspecting Authority: NABARD (Position as of March 31, 2025) Violation: Non-compliance with KYC directions; failed to implement a system for periodic review of risk categorisation of accounts (required at least once
Executive Summary: The Reserve Bank of India (RBI) has imposed a monetary penalty on The Hongkong and Shanghai Banking Corporation Limited. The penal action follows a statutory Inspection for Supervisory Evaluation (ISE) based on the bank’s financial position as of March 31, 2025, which revealed critical lapses in the management and reporting of Inoperative Accounts
