Enforcement

The Reserve Bank of India (RBI) has, by an order dated October 22, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Arantangi Co-operative Town Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Declaration of dividend by UCBs’. 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 (RBI) has, by an order dated October 3, 2025, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Rampur Jilla Sahkari Bank Ltd., Uttar Pradesh (the bank) for contravention of provisions of Section 26A 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 September 26, 2025, imposed a monetary penalty of ₹ 5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Ghatal Peoples Co-operative Bank Limited (the bank) 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 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Gopalganj Central Co-operative Bank Limited, Bihar (the bank) for contravention of provisions of Section 9 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and 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 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

RBI imposes monetary penalty on Ranaghat People’s Co-operative Bank Limited, West Bengal The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Ranaghat People’s Co-operative Bank Limited, West Bengal (the bank) 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 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a

The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹1.40 lakh (Rupees One Lakh Forty Thousand only) on The Begusarai Central Co-operative Bank Limited, Begusarai, Bihar (the bank) 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

The Reserve Bank of India (RBI) has, by an order dated October 01, 2025, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty One Lakh Eighty Thousand only) on American Express Banking Corp. (the bank) for non-compliance with certain directions of Reserve Bank of India (Credit Card and Debit Card - Issuance and Conduct) Directions, 2022 issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated October 01, 2025, imposed a monetary penalty of ₹4.20 lakh (Rupees Four lakh twenty thousand only) on HDB Financial Services Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub

The Reserve Bank of India (RBI) has, by an order dated September 29, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Bagalkot District Central Co-operative Bank Limited, Bagalkot, Karnataka (the bank) for contravention of provisions of Sections 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by National Bank for Agriculture and Rural Development (NABARD) on ‘Offsite Surveillance System – Revision of Due dates for submission of OSS/FMS Returns’. 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.