The Reserve Bank of India (RBl) has, by an order dated June 3, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Poornawadi Nagarik Sahakari Bank Maryadit Beed, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Management of Advances - UCBs’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBl) has, by an order dated May 30, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on Ratanchand Shah Sahakari Bank Limited, Mangalwedha, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’ and specific directions issued by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated May 27, 2025, imposed a monetary penalty of ₹32,000 (Rupees Thirty Two Thousand only) on India Home Loan Ltd., Mumbai, Maharashtra (the company) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 52A of the National Housing Bank Act, 1987.

The Reserve Bank of India (RBI) has, by an order dated May 19, 2025, imposed a monetary penalty of ₹16,000 (Rupees Sixteen Thousand only) on Khush Housing Finance Private Limited, Mumbai, Maharashtra (the company) for non-compliance with certain directions issued

The Reserve Bank of India (RBI) has, by an order dated May 22, 2025, imposed a monetary penalty of ₹2.10 lakh (Rupees Two lakh ten thousand only) on Murshidabad District Central Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC) ’and ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 and Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005.

The Reserve Bank of India (RBI) has, by an order dated May 20, 2025, imposed a monetary penalty of ₹10,000/- (Rupees Ten Thousand only) on The Aska Central Co-operative Bank Ltd., Aska, Odisha (the bank) for non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005.

The Reserve Bank of India (RBI) has, by an order dated May 09, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Swarna Bharathi Sahakara Bank Niyamitha, Bangalore, Karnataka (the bank) for contravention of provisions of Section 31 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated May 09, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Grewal Brothers Finance Company Private Limited, Kerala

The Reserve Bank of India (RBI) has, by an order dated May 09, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Karnataka Central Co-operative Bank Ltd, Dharwad, Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated May 09, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Shimoga District Co-operative Central Bank Ltd., Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.