Enforcement

The Reserve Bank of India (RBI) has, by an order dated January 29, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Northern Arc Capital Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India [Know Your Customer (KYC)] Directions’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) has, by an order dated January 23, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Rajapur Urban Co-operative Bank Ltd., Rajapur, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors 

The Reserve Bank of India (RBl) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal, Madhya Pradesh (the bank), for non-compliance with certain directions

The Reserve Bank of India (RBl) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on Shri Kanyaka Nagari Sahakari Bank Ltd., Chandrapur, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Advances to Builders/Contractors’. 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 January 20, 2026, imposed a monetary penalty of ₹2.10 lakh (Rupees Two Lakh Ten Thousand only) on Pimpri Chinchwad Sahakari Bank Maryadit, Pimpri, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions’

The Reserve Bank of India (RBI) has, by an order dated January 20, 2026, imposed a monetary penalty of ₹80,000/- (Rupees Eighty Thousand only) on VSJ Investments Private Limited, Mumbai, Maharashtra (the company), for non-compliance with certain directions issued by RBI on ‘Transfer of Loan Exposures’. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBl) has, by an order dated January 13, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Nandura Urban Co-operative Bank Ltd., Nandura, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – 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 December 9, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Pinnacle Capital Solutions Private Limited, Jharkhand (the company) for non-compliance with certain directions issued by RBI on ‘Default Loss Guarantee (DLG) in Digital Lending’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) has, by an order dated January 02, 2026, imposed a monetary penalty of ₹10,000/- (Rupees Ten Thousand only) on Shaha Finlease Private Limited, Mumbai (the company), for non-compliance with certain directions issued by RBI on ‘Fair Practices Code’. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) has, by an order dated December 31, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on Jila Sahakari Bank Limited, Mau, Uttar Pradesh (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 BR Act.