Banking Regulation

Sadbhav Engineering Limited's Restructuring Plan was duly implemented on 31/03/2026 under RBI's Resolution of Stressed Assets Directions, 2025. PNB-led consortium holding 77.83% by value and 60% by nu

Emirates NBD Bank (P.J.S.C) received Central Bank of UAE approval on March 24, 2026 for acquiring a majority stake in RBL Bank. The approval also covers the proposed amalgamation of Emirates NBD's exi

Amaltas Inc. filed a writ petition in the Supreme Court seeking a directive for the RBI to allocate purpose codes for foreign inward remittances. The Supreme Court disposed of the petition, directing

RBI extended the operational directive for Bhavani Sahakari Bank Ltd. by three months, now ending July 4, 2026. Extension follows earlier directives dated July 3, 2025 and December 24, 2025, originall

RBI imposed a monetary penalty of ₹31.80 lakh on Airtel Payments Bank for non‑disclosure in its FY 2024‑25 financial statements. The penalty follows the ISE 2025 supervisory inspection of the bank’s f

RBI imposed a monetary penalty of ₹3 lakh on Nagar Sahakari Bank Limited for non‑compliance with regulatory directions issued. The bank sanctioned director‑related loans, mis‑classified borrower facil

RBI imposed a ₹1.5 lakh monetary penalty on The Davanagere District Central Co‑operative Bank Ltd for KYC violations and share‑holding breaches. Violations cited were holding shares in other co‑operat

RBI imposed a monetary penalty of ₹63.60 lakh on Central Bank of India for KYC and BSBDA non‑compliance. The penalty follows RBI’s ISE 2025 inspection covering the bank’s financial position as of Marc

RBI imposed a ₹58.50 lakh penalty on Bank of India for non‑compliance with Priority Sector Lending targets and deposit interest rules. Penalty arises from charging ad‑hoc fees on priority sector loans

RBI imposed a monetary penalty of ₹58,50,000 on Bank of India on 27 March 2026. Penalty relates to ad-hoc service/inspection/processing charges in PSL accounts and interest payment shortfall on mature

RBI imposed a penalty of ₹63.60 lakh on Central Bank of India for KYC and BSBDA non-compliance. Penalty invoked under Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation

RBI imposed a penalty of ₹95,40,000 on Union Bank of India on 27 March 2026. Violations include non-compliance on unauthorised electronic banking transactions and IRACP norms. Bank states impact on fi

PNB removes M/s P S D & Associates from its Statutory Central Auditors team effective 25 March 2026 per RBI directive. Removal is pursuant to RBI letter Ref: DOS.ARG.No.59687/08:10:003/2025-26 dated 2

RBI sanctioned the voluntary amalgamation of The Bapunagar Mahila Co‑operative Bank Ltd with Shri Vinayak Sahakari Bank Ltd. The amalgamation scheme becomes effective on March 27, 2026, converting all

RBI imposed a ₹30,000 monetary penalty on Kshirsagar Sahakari Bank Ltd. for regulatory breaches. The bank sanctioned loans to two of its directors and failed to provide required information during RBI

RBI imposed a penalty of ₹1 lakh on Mysore and Chamarajnagar District Co‑operative Central Bank Ltd for KYC violations and shareholding breach. The penalty follows a NABARD‑conducted statutory inspect

RBI imposed a monetary penalty of ₹50,000 on The Pali District Central Co-operative Bank Ltd., Rajasthan for KYC non‑compliance. The penalty follows a NABARD‑conducted statutory inspection covering th