1. Executive Summary The Reserve Bank of India (RBI) has extended the validity of its Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. Originally imposed on July 21, 2022, due to the bank’s deteriorating financial health, these directions […]
1. Pimpri Chinchwad Sahakari Bank Maryadit Key Details Penalty Amount ₹2.10 Lakh Date of Order January 20, 2026 Press Release 2025-2026/1971 Reason for Penalty Non-compliance with RBI directions on ‘Exposure Norms and Statutory / Other Restrictions’. Specific Charge Breach The bank had breached the prescribed limit on unsecured advances. Root Cause Analysis (RCA) System Configuration
1. Key Details of the Action The Reserve Bank of India (RBI) has extended the period of directions issued to The Konark Urban Co-operative Bank Ltd., Ulhasnagar. These directions, originally imposed to safeguard depositor interest due to the bank’s financial instability, restrict the bank’s operational freedom. Parameter Details Bank Name The Konark Urban Co-operative Bank
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
Reserve Bank of India (Priority Sector Lending – Targets and Classification) (Amendment) Directions, 2026 Date of Issue: January 19, 2026 Reference: PR 2025-2026/1947 Executive Summary The Reserve Bank of India has issued amendments to the Master Directions on Priority Sector Lending (PSL) to align with recent regulatory notifications and expand the scope of eligible entities
1. Sarvodaya Co-operative Bank Ltd., Mumbai Key Regulatory Details Original Directive Date: April 15, 2024 Current Extension Period: January 16, 2026 – April 15, 2026 Operational Restrictions: Cap on withdrawals (initially ₹15,000); Ban on new loans/investments without prior approval. Regulatory Trigger: Deteriorating financial position and liquidity constraints. Root Cause Analysis (RCA) The continued imposition of
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 Entity Name Ramgarhia Co-operative Bank Ltd., New Delhi Regulator Reserve Bank of India (RBI) Action Type Extension of Directions Legal Basis Section 35A read with Section 56 of the Banking Regulation Act, 1949 Latest Directive Date January 07, 2026 Extension Period January 08, 2026 to April 08, 2026 (3
1. Key Details The Reserve Bank of India (RBI) has restored the Certificate of Registration (CoR) of Social Leasing India Limited via a press release dated January 07, 2026. This action follows orders passed by the Appellate Authority/Courts, effectively allowing the entity to resume operations as a Non-Banking Financial Company (NBFC). Parameter Details Company Name
Executive Summary On January 07, 2026, the Reserve Bank of India (RBI) accepted the voluntary surrender of the Certificate of Registration (CoR) from 16 NBFCs. The cancellations were executed under Section 45-IA (6) of the RBI Act, 1934. The exits are categorized into three strategic rationales: (1) Exit from NBFI Business (8 entities), (2) Transition
