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 […]
1. Key Details Regulated Entity (RE) Pinnacle Capital Solutions Private Limited, Jharkhand Penalty Amount ₹ 1,00,000 (One Lakh) Order Date December 9, 2025 Regulatory Provision Section 58G(1)(b) read with Section 58B(5)(aa) of RBI Act, 1934 Specific Violation Obtaining a Default Loss Guarantee (DLG) from a Lending Service Provider (LSP) exceeding 5% of the outstanding loan
1. Key Details of the Action Regulated Entity The Shirpur Merchants’ Co-operative Bank Ltd. Shirpur, Maharashtra Regulatory Authority Reserve Bank of India (RBI) Department of Supervision Original Directive Date April 05, 2024 Ref: CO.DOS.SED. No. S175/45-11-001/2024-2025 Current Status Directions Extended Until April 08, 2026 Latest Update (Jan 06, 2026): The RBI, satisfied that it is
1. Jila Sahakari Bank Limited, Mau Penalty Amount: ₹2.00 Lakh Order Date: December 31, 2025 Regulation Violated: RBI Directions on ‘Know Your Customer (KYC)’ Specific Charge: Failure to review risk categorization of accounts (every 6 months) and failure to carry out periodic KYC updation. Root Cause Analysis (RCA) The primary failure was operational lapse in
1. Kolhapur District Central Co-operative Bank Ltd., Maharashtra Key Details Penalty Amount ₹2.10 Lakh Order Date December 22, 2025 Violation Category Contravention of Section 20 read with Section 56 of BR Act, 1949. Specific Charge Sanctioning a loan to a company in which one of the bank’s Directors stood as a guarantor. Root Cause Analysis
RBI Penalty Report – Kotak Mahindra Bank 1. Executive Summary The Reserve Bank of India (RBI) has imposed a monetary penalty on Kotak Mahindra Bank Limited following the Statutory Inspection for Supervisory Evaluation (ISE 2024). The penalty addresses deficiencies in regulatory compliance regarding Basic Savings Bank Deposit (BSBD) accounts, the scope of Business Correspondents (BCs),
1. The Arakonam Co-operative Urban Bank Limited, Tamil Nadu Penalty Amount ₹2.50 Lakh Major Violation Order Date December 15, 2025 Statutory Inspection Reference Date: March 31, 2025 Key Violations Failure to transfer 20% of net profit to Statutory Reserve (FY 2022-23 to 2024-25). Sanctioning loans to nominal members in excess of regulatory limits. Exceeding regulatory
Penalty Snapshot: The Kovilpatti Co-operative Urban Bank Ltd Penalty Amount ₹1,00,000 Violation Area Capital Adequacy (CRAR) Inspection Date March 31, 2025 The Violation The bank refunded share capital to members and sanctioned new loans despite its CRAR being below the regulatory minimum. This violated RBI’s prudential norms on linking shareholding to borrowing. Root Cause Analysis
1. Key Incident Details The Reserve Bank of India (RBI) has imposed a monetary penalty based on deficiencies in regulatory compliance observed during the statutory inspection with reference to the financial position as on March 31, 2025. Entity Name The Co-operative Urban Bank Limited, Parlakhemundi, Odisha Penalty Amount ₹13,000 (Thirteen Thousand Rupees) Order Date December
1. The Pattukottai Co-operative Urban Bank Limited, Tamil Nadu Penalty Amount ₹1.50 Lakh Order Date Dec 05, 2025 Reference Position March 31, 2024 Regulatory Deficiencies • Reserve Management: Failure to transfer 20% of net profit (FY 2023-24) to the Statutory Reserve (Contravention of Sec 17, BR Act). • Exposure Norms: Sanctioned loans to “nominal members”
