Enforcement

The Reserve Bank of India (RBI) has, by an order dated December 11, 2025, imposed a monetary penalty of ₹61.95 lakh (Rupees Sixty One Lakh Ninety Five Thousand only) on Kotak Mahindra Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Access to Banking Services - Basic Savings Bank Deposit Account’ and ‘Scope of activities to be undertaken of Business Correspondents (BCs)’

The Reserve Bank of India (RBI) has, by an order dated December 15, 2025, imposed a monetary penalty of ₹2.50 lakh (Rupees Two Lakh Fifty Thousand only) on The Arakonam Co-operative Urban Bank Limited, Tamil Nadu (the bank) for contravention of provisions of Section 17 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’, ‘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 BR Act.

The Reserve Bank of India (RBI) has, by an order dated December 15, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Tamilnadu Circle Postal Co-operative Bank Limited, Tamil Nadu (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 10, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One lakh only) on The Kovilpatti Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (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, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of Amarnath Co-operative Bank Ltd., Ahmedabad, Gujarat with The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad, Gujarat.

The Reserve Bank of India (RBI) has, by an order dated December 9, 2025, imposed a monetary penalty of ₹13,000/- (Rupees Thirteen Thousand Only) on The Co-operative Urban Bank Limited, Parlakhemundi, Odisha (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and certain directions issued by RBI on ‘Membership of Credit Information Companies by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI

     The Reserve Bank of India (RBl) has, by an order dated December 4, 2025, imposed a monetary penalty of ₹2.25 lakh (Rupees Two Lakh Twenty Five Thousand only) on The Yavatmal Urban Co-operative Bank Ltd., Yavatmal, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Concentration Risk Management’, ‘Treatment of Wilful Defaulters and Large Defaulters’ and ‘Credit Information Reporting’. 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

The Reserve Bank of India (RBI) has, by an order dated December 1, 2025, imposed a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Assam Co-operative Apex Bank Limited, Guwahati (the bank) for non-compliance with certain directions issued by RBI on

The Reserve Bank of India (RBI) has, by an order dated December 5, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Pattukottai Co-operative Urban Bank Limited, Tamil Nadu (the bank) for contravention of provisions

The Reserve Bank of India (RBI) has, by an order dated December 2, 2025, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Bansal Credits 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 December 02, 2025, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Keertana Finserv Limited (formerly known as Keertana Finserv Private Limited) (the company) for non-compliance with certain directions issued by RBI on ‘Governance’ issues. This penalty has

The Reserve Bank of India (RBI) has, by an order dated December 01, 2025, imposed a monetary penalty of ₹99.30 lakh (Rupees Ninety nine lakh thirty thousand only) on Jammu and Kashmir Bank Limited (the bank) for contravention of the provisions of section 26A of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Internal Ombudsman Scheme 2018’, ‘Customer Service in Banks’, and ‘Know Your Customer (KYC) Directions’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A(1)(c) read with Section 46(4)(i) of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated December 03, 2025, imposed a monetary penalty of ₹3,10,000/- (Rupees Three Lakh Ten Thousand only) on Truhome Finance Limited (formerly known as Shriram Housing Finance 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 52A of the National Housing Bank Act, 1987.

The Reserve Bank of India (RBI) has, by an order dated November 27, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Kallidaikurichi Co-operative Urban Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)’. This

The Reserve Bank of India (RBI) has, by an order dated November 27, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Arni Co-operative Town Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)’, ‘Exposure Norms and Statutory / Other Restrictions – UC

The Reserve Bank of India (RBI) has, by an order dated November 25, 2025, imposed a monetary penalty of ₹3.10 lakh (Rupees Three lakh ten thousand only) on Mannakrishna Investments Private Limited (the company) for non-compliance with certain provisions of the ‘Master Direction – Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023’ issued by RBI, relating to ‘Governance Issues’. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) has, by an order dated November 18, 2025, imposed a monetary penalty of ₹91.00 lakh (Rupees Ninety One lakh only) on HDFC Bank Limited (the bank) for contravention of provisions of section 19 (1)(a) read with section 6(1) of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Interest Rate on Advances’, ‘Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’ 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 section 46(4)(i) of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated November 20, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Tumkur Grain Merchants Co-operative Bank Limited, Karnataka (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’. This penalty has been imposed in exercise of powers conferr

The Reserve Bank of India (RBI) has, by an order dated November 20, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The District Co-operative Central Bank Limited, Kurnool, Andhra Pradesh (the bank) for contravention of provisions of Sections 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and

The Reserve Bank of India (RBI) has, by an order dated November 20, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The District Co-operative Central Bank Limited

The Reserve Bank of India (RBI) has, by an order dated November 20, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Fatehpur District Co-operative Bank Limited, 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.

The Reserve Bank of India (RBI) has, by an order dated November 13, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Glowmore Finance Private Limited, Odisha (the company) for non-compliance with certain provisions of the ‘Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) has, by an order dated November 14, 2025, imposed a monetary penalty of ₹ 1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Nawada Central Co-operative Bank Limited, Bihar (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance

The Reserve Bank of India (RBI) has, by an order dated November 12, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Shri Basaveshwar Sahakari Bank Niyamitha, Bagalkot, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in

The Reserve Bank of India (RBI) has, by an order dated November 12, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Big Kancheepuram Co-operative Town Bank Limited, Tamil Nadu (the bank) for non-compliance with certain dir

The Reserve Bank of India (RBI) has, by an order dated November 13, 2025, imposed a monetary penalty of ₹39.60 lakh (Rupees Thirty Nine Lakh Sixty Thousand only) on Tamilnad Mercantile Bank Limited (the bank) for contravention of provisions of section 10A of Payment and Settlement Systems Act, 2007 (PSS Act) and section 26A 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 30(1) read with section 26(6) of the PSS Act and section 47A(1)(c) read with section 46(4)(i) of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated November 06, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The District Co-operative Central Bank Limited, Eluru, Andhra 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 the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated November 06, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Karaikudi Co-opera

The Reserve Bank of India (RBI) has, by an order dated November 06, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Mumbai District Central Co-operative Bank Ltd., Maharashtra (the bank), for contravention of provisions of Section 20 of the Banking

The Reserve Bank of India (RBl) has, by an order dated October 14, 2025, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on Latur District Central Co-operative Bank Ltd., Maharashtra (the bank), for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Know Your Customers (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) and Section 46(4)(i) read with Section 56 of the BR Act.

The Reserve Bank of India (RBl) has, by an order dated October 14, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on Parbhani District Central Cooperative Bank Ltd., Maharashtra (the bank), for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and certain

The Reserve Bank of India (RBI) has, by an order dated October 23, 2025, imposed a monetary penalty of ₹10,000/- (Rupees Ten Thousand only) on Viva Home Finance Limited, Palghar, Maharashtra (the company) for non-compliance with certain directions issued by RBI on ‘Non-banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021’. 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 October 23, 2025, imposed a monetary penalty of ₹2 lakh (Rupees

The Reserve Bank of India (RBl) has, by an order dated October 23, 2025, imposed a monetary penalty of ₹1

The Reserve Bank of India (RBI) has, by an order dated October 28, 2025, imposed a monetary penalty of ₹25 lakh (Rupees Twenty Five Lakh only) on The Mehsana Urban Co-operative Bank Limited, Gujarat (the bank), for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters - 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 22, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Tumkur District Co-operative Central Bank Limited, 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 October 23, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One lakh only) on The Valparai Co-operative Urban Bank Ltd., Coimbatore, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC

The Reserve Bank of India (RBI) has, by an order dated October 23, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Shevapet Urban Co-operative Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI under ‘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 October 22, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Kamuthi Co-operative Urban Bank Ltd., Tamil Nadu (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 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.

The Reserve Bank of India (RBI) has, by an order dated September 29, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Vaniyambadi Town Co-operative Bank Limited, Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and 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 29, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Hassan District Co-operative Central Bank Ltd, Karnataka (the bank) for contravention of provisions of Section 19 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.

The Reserve Bank of India (RBI) has, by an order dated September 29, 2025, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty One Lakh Eighty Thousand only) on Indian Overseas Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) – Targets and Classification’. 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 51(1) of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBl) has imposed, by an order dated September 25, 2025, a monetary penalty of ₹2.25 lakh (Rupees Two Lakh Twenty Five Thousand only) on Beed District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’ 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 BR Act and Section 25 of the Credit Information Companies (Regulation) Act, 2005.

The Reserve Bank of India (RBl) has, by an order dated September 25, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Panchsheel Mercantile Co-operative Bank Limited, Dist. Surat, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’. 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 25, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Sultan’s Battery Co-operative Urban Bank Limited, Wayanad, Kerala (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors, their relatives

The Reserve Bank of India (RBI) has, by an order dated September 25, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Nilambur Co-operative Urban Bank Limited, Kerala (the bank) for non-compliance with certain directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’. 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 25, 2025, imposed a monetary penalty of ₹1 lakh

The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Muthoot FinCorp Limited (the company) for non-compliance with directions issued by RBI on ‘Internal Ombudsman’. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBl) has, by an order dated September 22, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on Makarpura Industrial Estate Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’ and ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ read with ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’.

The Reserve Bank of India (RBI) has, by an order dated September 23, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The South Canara District Central Co-operative Bank Ltd, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Housing finance’ read with ‘Enhancement in Individual housing loan limits and credit to Commercial Real Estate - Residential Housing (CRE-RH)’ and contravention of provisions of Section 19 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 23, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Guntur District Co-operative Central Bank Limited, Andhra 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 the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated September 23, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Tamil Nadu Circle Postal Co-operative Bank Ltd., Tamil Nadu (the bank) for non-compliance with 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 Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated September 23, 2025, imposed a monetary penalty of ₹10 lakh (Rupees Ten Lakh only) on Gayatri Co-operative Urban Bank Ltd., Jagtial, Telangana (the bank) for non-compliance with certain directions issued by RBI on ‘Marketing / Distribution of Mutual Fund / Insurance Products by Urban Cooperative 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.

The Reserve Bank of India (RBl) has imposed, by an order dated September 15, 2025, a monetary penalty of ₹3.50 lakh (Rupees Three Lakh Fifty Thousand only) on The Jalgaon District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of Section 20 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 Section 46(4)(i) and Section 56 of the BR Act.

The Reserve Bank of India (RBl) has imposed, by an order dated September 15, 2025, a monetary penalty of ₹4.50 lakh (Rupees Four Lakh Fifty Thousand only) on Chandrapur District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance

The Reserve Bank of India (RBl) has, by an order dated September 15, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Yavatmal District Central Co-operative Bank Ltd.,

The Reserve Bank of India (RBI) has, by an order dated September 17, 2025, imposed a monetary penalty of ₹23,000/- (Rupees Twenty Three Thousand only) on The Ahmedabad Mercantile Co-operative Bank Limited, Ahmedabad (the bank) for non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies 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 September 17, 2025, imposed a monetary penalty of ₹3.75 lakh (Rupees Three lakh seventy five thousand only) on Bharat Co-operative Bank (Mumbai) Limited (the bank), for non-compliance with certain directions issued by RBI on ‘Reporting of Unusual Cyber Security Incidents’. 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 10, 2025, imposed a monetary penalty of ₹21 lakh (Rupees Twenty One Lakh only) on PhonePe Limited (formerly known as PhonePe Private Limited) (the company) for non-compliance with certain directions issued by RBI on ‘Prepaid Payment lnstruments (PPIs)’. This penalty has been imposed

The Reserve Bank of India (RBI) has, by an order dated September 08, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Sikkim State Co-operative Bank Ltd. (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 (RBl) has, by an order dated September 08, 2025, imposed a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on Progressive Mercantile Co-operative Bank Limited, Dist. Ahmedabad, Gujarat (the bank) for non-compliance with the certain directions issued by RBI on ‘Inspection & Audit Systems in Primary (Urban) Co- operative Banks’, ‘Know Your Customer’ and ‘Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorized Electronic Banking Transactions’. 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 02, 2025, imposed a monetary penalty of ₹1.60 lakh (Rupees One Lakh Sixty Thousand only) on The Manipur Women’s Co-operative Bank Ltd. (the bank) for non-compliance with the certain directions issued by RBI on ‘Exposure Norms and Statutory/Other

The Reserve Bank of India (RBI) has, by an order dated September 02, 2025, imposed a monetary penalty of ₹ 7.50 lakh (Rupees Seven Lakh Fifty Thousand only) on Tripura State Co-operative Bank Ltd. (the bank) for non-compliance with certain directions issued by RBI

The Reserve Bank of India (RBI) has, by an order dated September 03, 2025, imposed a monetary penalty of ₹2.10 lakh (Rupees Two Lakh Ten Thousand only) on Raigad District Central Co-op Bank Ltd, Maharashtra (the bank), for contravention of provisions of Section 20 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 03, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The District Co-operative Central Bank Ltd, Bidar, Karnataka (the bank) for contravention of provisions of Sections 20 and 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 September 03, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Ottapalam Co-operative Urban Bank Ltd., Palakkad, Kerala (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and non-compliance with certain directions issued by RBI on 'Master Direction - Credit Card and Debit Card - lssuance and Conduct Directions, 2022’. 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 02, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Rohika 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)

The Reserve Bank of India (RBI) has, by an order dated September 02, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Dakshin Dinajpur District Central 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 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 01, 2025, imposed a monetary penalty of ₹2.02 lakh (Rupees Two Lakh Two Thousand Only) on The Pataliputra Central Co-operative Bank Ltd., Bihar (the bank) for n

The Reserve Bank of India (RBI) has, by an order dated September 01, 2025, imposed a monetary penalty of ₹4.50 lakh (Rupees Four Lakh Fifty Thousand Only) on The Urban Co-operative Bank Ltd., Cuttack, Odisha (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 01, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Dahanu Road Janata Co-operative Bank Ltd., Dahanu Road, Maharashtra (the bank), for non-compliance with 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 Banking Regulation Act, 1949.

The Reserve Bank of India (RBl) has imposed, by an order dated August 26, 2025, a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Jilla Sahakari Kendriya Bank Maryadit, Ujjain, Madhya Pradesh (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This p

The Reserve Bank of India (RBl) has imposed, by an order dated August 26, 2025, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Jilla Sahakari Kendriya Bank Maryadit, Damoh, Madhya 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) and Section 46(4)(i) read with Section 56 of the BR Act.

The Reserve Bank of India (RBl) has imposed, by an order dated August 26, 2025, a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Jila Sahakari Kendriya Bank Maryadit, Narmadapuram, Madhya 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) and Section 46(4)(i) read with Section 56 of the BR Act.

The Reserve Bank of India (RBI) has, by an order dated August 26, 2025, imposed a monetary penalty of ₹44.70 lakh (Rupees Forty-Four Lakh and Seventy Thousand only) on Bandhan Bank Limited (the bank) for contravention of section 10(1)(b)(ii) of the Banking Regulation Act, 1949 (BR Act), and non-compliance with certain directions issued by RBI on ‘Automation of Income Recognition, Asset Classification and Provisioning processes in banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47 A (1) (c) read with section 46 (4) of the BR Act.

The Reserve Bank of India (RBl) has, by an order dated August 22, 2025, imposed a monetary penalty of ₹45,000/- (Rupees Forty Five Thousand only) on The Nanded District Central Co-operative Bank Ltd., Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customers (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 of the Credit Information Companies (Regulation) Act, 2005.

The Reserve Bank of India (RBI) has, by an order dated August 19, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Ponani Co-operative Urban Bank Limited, Kerala (the bank) for non-compliance with certain directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’. 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 August 19, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Vijayapura District Central Co-operative 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.

The Reserve Bank of India (RBI) has, by an order dated August 19, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Purasawalkam Co-operative Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)’ 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 Banking Regulation Act, 1949.

The Reserve Bank of India (RBl) has, by an order dated August 21, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Anand Mercantile Co-operative Bank Ltd., Anand, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks’ and 

The Reserve Bank of India (RBI) has, by an order dated August 19, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Bellary District Co-operative Central Bank Limited, Karnataka (the bank) for contravention of provisions of Sections 19 and 20 rea

The Reserve Bank of India (RBI) has, by an order August 19, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Dharmapuri District Central Co-operative Bank Ltd., Tamil Nadu (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 August 19, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Kalaburagi and Yadgir District Co-operative Central Bank Limited, Karnataka (the bank) for non-compliance with certain

The Reserve Bank of India (RBI) has, by an order dated August 19, 2025, imposed a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Bharat Co-operative Bank Limited, Bengaluru, Karnataka (the bank) for non-compliance with 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 Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated August 14, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Ayodhya Finlease Limited (the company) for non-compliance with certain provisions of 'Master Direction - Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016' read with ‘Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023’ issued by RBI. 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 (RBl) has, by an order dated August 08, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Sardargunj Mercantile Co-operative Bank Limited, Patan, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Co-operative Banks - Interest Rate on Deposits’.

The Reserve Bank of India (RBl) has, by an order dated August 08, 2025, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Sarvodaya Commercial Cooperative Bank Ltd., Dist. Mehsana, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Donations / Contributions for public / charitable purposes out of profits of UCBs’, ‘Financial Statements – Presentation and Disclosures’, ‘Inspection & Audit Systems in Primary (Urban) Co- operative Banks’, ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters – 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 August 08, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One lakh only) on The Uma Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Inspection & Audit Systems in Primary (Urban) 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.