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. Key Details of Regulatory Action The Reserve Bank of India (RBI) issued Directions to the bank under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). Effective Date: Close of business on December 09, 2025. Duration: The Directions are in force for a period of
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”
Undertaking of Financial Services Date of Issue: December 05, 2025 Objective: To ring-fence core banking businesses from non-core risks, ensure a level playing field, and rationalize the group structure of Regulated Entities (REs). Executive Summary: The Reserve Bank of India has finalized the amendments proposed in the October 2024 Draft Circular. The central mandate is
Executive Summary: The Reserve Bank of India has imposed a monetary penalty on Jammu and Kashmir Bank Limited for contraventions related to Grievance Redressal (Internal Ombudsman), Customer Service, DEA Fund transfers, and KYC norms (V-CIP). Penalty Amount ₹99.30 Lakh Bank Entity J&K Bank Ltd. Statutory Basis Sec 47A(1)(c) / Sec 46(4)(i) BR Act Inspection Date
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
