Posted inRBI Announcements
RBI Fines Raigad Co-op Bank ₹10.10 Lakh
RBI has fined Raigad District Central Co-operative Bank ₹10.10 lakh for sanctioning a director loan and failing to report credit data to CICs.
Posted inRBI Announcements
RBI Fines Baria Sahakari Bank ₹1 Lakh
RBI fined Shri Baria Nagarik Sahakari Bank ₹1 lakh for failing to conduct internal audits for two years.
Posted inRBI Announcements
RBI Fines Rajnandgaon Co-op Bank ₹1 Lakh
RBI imposed a ₹1 lakh penalty on Rajnandgaon Kendriya Sahakari Bank for paying additional interest to ineligible depositors.
Posted inRBI Announcements
RBI Fines Arvind Sahakari Bank ₹11 Lakh
RBI imposed an ₹11 lakh penalty on Arvind Sahakari Bank, Katol, for violating housing finance and deposit interest rate norms.
Posted inRBI Announcements
RBI Fines Avail Financial Services ₹6.20 Lakh
RBI fined Avail Financial Services ₹6.20 lakh for governance and concentration norm violations found during a statutory inspection.
Posted inRBI Announcements
RBI Fines Muthoot Vehicle Finance for KYC Lapse
RBI has imposed a ₹2.70 lakh KYC penalty on Muthoot Vehicle and Asset Finance Limited for failing to review account risk categorisation periodically.
Posted inRBI Announcements
RBI Fines Dhani Loans ₹2.70 Lakh for NPA Lapse
RBI has fined Dhani Loans and Services Limited ₹2.70 lakh for failing to classify certain loan accounts as NPAs.
Posted inRBI Announcements
RBI Fines Satya MicroCapital ₹3.10 Lakh
RBI fines Satya MicroCapital ₹3.10 lakh for failing to classify restructured accounts as NPAs after a 2025 statutory inspection.
Posted inRBI Announcements
RBI Fines Ashok Sahakari Bank ₹10 Lakh
RBI fined Ashok Sahakari Bank ₹10 lakh for sanctioning a loan to its own director, violating the Banking Regulation Act.
Posted inRBI Announcements
RBI Fines Surat People’s Co-op Bank ₹13.30 Lakh
RBI imposed a ₹13.30 lakh penalty on Surat People's Co-operative Bank for governance violations involving directors' conflict of interest.