1) IIFL Finance Limited The Reserve Bank of India (RBI) imposed a monetary penalty on IIFL Finance Limited following a statutory inspection evaluated against the company’s financial position as of March 31, 2024. The compliance breakdown is outlined below. Key Details Entity Name IIFL Finance Limited Penalty Amount ₹5.30 lakh (Rupees Five Lakh Thirty Thousand […]
The Reserve Bank of India (RBI) imposed a monetary penalty on DCB Bank Limited. The action follows the Statutory Inspection for Supervisory Evaluation (ISE 2025) of the bank, which was conducted by the RBI with reference to its financial position as on March 31, 2025. The detailed breakdown of the compliance failures and subsequent insights
The Reserve Bank of India (RBI) has imposed a monetary penalty on Bank of Maharashtra following the Statutory Inspection for Supervisory Evaluation (ISE 2025). This statutory inspection was conducted with reference to the bank’s financial position as on March 31, 2025. The detailed breakdown of the compliance failures and subsequent insights are outlined below. Key
The Reserve Bank of India (RBI) imposed a monetary penalty on CSB Bank Limited following the Statutory Inspection for Supervisory Evaluation (ISE 2025), which was conducted with reference to the bank’s financial position as of March 31, 2025. The detailed compliance breakdown is outlined below. Key Details Bank Name CSB Bank Limited Penalty Amount ₹63.60
1. Key Incident Details Bank Name The Berhampur Co-operative Urban Bank Limited, Odisha Penalty Amount ₹2.00 Lakh Order Date February 11, 2026 Reference Inspection Financial position as on March 31, 2025 Regulatory Violation Non-compliance with ‘Exposure Norms and Statutory/Other Restrictions for UCBs’. Specifically, breaching prudential inter-bank (gross) exposure limits and inter-bank counter-party limits. 2. Root
1. Executive Summary The Reserve Bank of India (RBI) has imposed a monetary penalty on Bharat Co-operative Bank (Mumbai) Limited for non-compliance with specific regulatory directions. This action follows a statutory inspection based on the bank’s financial position as of March 31, 2025. Penalty Amount ₹15 Lakh (Rupees Fifteen Lakh) Date of Order February 6,
1. Daund Urban Co-operative Bank Limited Location: Daund, Maharashtra | Penalty Amount: ₹5,000 Key Details Regulatory Order Date February 02, 2026 Violation Category Credit Information Reporting Specific Charge Failure to submit credit information of customers to any Credit Information Companies (CICs). Regulatory Act Credit Information Companies (Regulation) Act, 2005 (Section 25 read with Section 23).
1. Key Details: Comparative Overview Parameter The Jaipur Central Co-operative Bank Ltd. Jilla Sahkari Bank Limited, Kanpur Location Rajasthan Uttar Pradesh Penalty Amount ₹1 Lakh ₹3 Lakh Order Date January 30, 2026 January 30, 2026 Regulatory Basis Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act Inspection Source NABARD Statutory Inspection
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
