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,
🏦 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
The Satara Sahakari Bank Ltd., Mumbai Penalty Amount: ₹2 Lakh Order Date: October 23, 2025 Inspection Reference: Financial position as on March 31, 2024 Deficiencies in Regulatory Compliance Refunded share capital despite its “CRAR (Capital to Risk-Weighted Assets Ratio) being less than the regulatory minimum”. Breached “prudential single borrower exposure limit” in certain instances. Root
1. The Mehsana Urban Co-operative Bank Limited, Gujarat Key Details Penalty Amount: ₹25,00,000 (Rupees Twenty-Five Lakh) Offence Date Reference: Financial position as on March 31, 2024 Core Violation: Non-classification of credit facilities of certain borrowers as Non-Performing Assets (NPAs). Relevant Regulation: RBI directions on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’.
1. The Arantangi Co-operative Town Bank Limited Key Details State: Tamil Nadu Penalty Amount: ₹50,000/- Date of Order: October 22, 2025 Violation Area: Declaration of dividend by UCBs Charge Sustained: Paid dividend from “accumulated profits of previous years”. Root Cause Analysis (RCA) The primary root cause is likely a misinterpretation or lack of adherence to
1. Key Penalty Details The Reserve Bank of India (RBI) imposed a monetary penalty on a Cooperative Bank for statutory non-compliance related to the management of unclaimed deposits. Entity Penalized: Rampur Jilla Sahkari Bank Ltd., Uttar Pradesh. Penalty Amount: ₹5,00,000 (Rupees Five Lakh only). Date of RBI Order: October 3, 2025. Regulatory Violation: Contravention of
The Ghatal Peoples Co-operative Bank Limited, West Bengal Penalty Imposed: ₹5.50 Lakh (Rupees Five Lakh Fifty Thousand Only) Key Details (Violation Summary) Inspection Date March 31, 2024 (Financial Position) Penalty Order Date September 26, 2025 Violations 1. Failure to carry out periodic review of risk categorisation of accounts (at least once in six months). 2.
American Express Banking Corp. Key Details Penalty Amount: ₹31.80 Lakh (Rupees Thirty One Lakh Eighty Thousand only) Order Date: October 01, 2025 Inspection Ref: Supervisory Evaluation (ISE 2024) as on March 31, 2024 Non-Compliance: Non-compliance with the Reserve Bank of India (Credit Card and Debit Card Issuance and Conduct) Directions, 2022. Specific Violation: Failure to
1. Key Details of the Penalty Detail Description Bank Name Indian Overseas Bank (IOB) Date of Order September 29, 2025 Penalty Amount ₹31.80 lakh (Rupees Thirty One Lakh Eighty Thousand only) Reason for Penalty Non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) Targets and Classification’ Specific Non-Compliance The bank collected loan-related
