Tag
Banking Regulation
12 articles
Increased regulatory scrutiny and enforcement actions are impacting Indian banks and non-bank financial institutions. The Reserve Bank of India penalized IndusInd Bank, Northern Arc Capital, Fusion Finance, and Muthoot MCred for non-compliance related to deposit interest rates, securitization, disclosure requirements, and asset classification, highlighting ongoing efforts to strengthen regulatory adherence. Canara Bank faces court directives to expedite SARFAESI Act application disposals, while Zenith Steel’s financial results reveal operational disruptions and significant legal challenges. These developments suggest heightened regulatory oversight and potential operational risks for financial institutions, warranting close investor monitoring of compliance practices and asset quality.
Gurdaspur Coop Bank Judgment 23-Oct-2024
The High Court of Punjab & Haryana delivered a judgment on 23 Oct 2024 in Gurdaspur Central Cooperative Bank Ltd vs Bakshish Singh et al.
Justice Suvir Sehgal presided, with counsel Ms. Paramjit Kaur
DFS PSB Confluence 2026 Focuses on Banking Reforms
DFS hosts two-day PSB Confluence 2026 with PSBs and PFIs to deliberate on seven strategic themes for banking sector reforms.
Finance Minister highlights banking sector strength from low NPAs and annou
Canara Bank Order: DM to Resolve Promptly
The High Court disposed WPA 20078 of 2026, directing the District Magistrate of Purba Barddhaman to decide the SARFAESI Act application expeditiously.
The petition, filed by Canara Bank and several in
IndusInd Bank Penalized ₹59.20 Lakh by RBI
IndusInd Bank discloses RBI penalty of ₹59.20 lakh for non-compliance with deposit interest and securitization directives.
Penalty imposed under Banking Regulation Act, 1949 powers for violating 'Inte
Canara Bank Urged to Resolve SARFAESI Petition
The writ petition (WPA 20060 of 2026) filed by Canara Bank sought speedy disposal of its SARFAESI Act application pending since Jan 6 2022.
The court directed the District Magistrate, Paschim Barddham
Canara Bank Wins Order to Secure Mortgaged Property
The High Court disposed WPA 20071 of 2026, ordering Superintendent of Police, Bankura to inform Canara Bank of police assistance costs promptly.
After the bank deposits police costs, police must set a
RBI Penalises Northern Arc Capital ₹6.2 Lakh
RBI imposed a monetary penalty of ₹6.20 lakh on Northern Arc Capital Limited for non‑compliance with disclosure and ombudsman directions.
The penalty stems from failure to disclose customer‑complaint
Fusion Finance Fined ₹2.7 Lakh KYC Breach
RBI imposed a monetary penalty of ₹2.70 lakh on Fusion Finance Limited for violating KYC Directions.
The violation involved failure to conduct a periodic risk‑categorisation review of accounts at leas
RBI Penalises IndusInd Bank ₹59.2 Lakh
RBI imposed a penalty of ₹59.20 lakh on IndusInd Bank for non‑compliance with RBI directions on deposit interest rates and synthetic securitisation.
The penalty follows an inspection of the bank’s pos
RBI Penalises Muthoot MCred ₹3.1 Lakh
RBI imposed a monetary penalty of ₹3.10 lakh on Muthoot MCred Limited for violating asset classification directions.
The penalty stems from the company upgrading non‑performing loan accounts to “Stand
Pradeep Vora vs AlouKik Construwell: SARFAESI Interpretation
Supreme Court heard petitions for special leave to appeal filed by Pradeep Gordhandas Vora against AlouKik Construwell LLP and a bank.
The core issue concerns interpretation and applicability of Secti
Zenith Steel Q1 Net Profit ₹43.83 Lakhs
• Board approved unaudited standalone and consolidated financial results for Q1 June 2026 showing net profit of ₹43.83 lakhs.
• Production halted for 2.5 months due to zinc tank rupture, reducing sale