Tag
Banking Regulation
23 articles
Regulatory scrutiny of Indian banks and financial institutions is intensifying, with the Reserve Bank of India (RBI) issuing penalties and extending oversight directives to multiple entities. Bank of Baroda and GIC Housing Finance faced monetary penalties for non-compliance with KYC and fair practices codes, while Nirmal Urban Co-operative Bank was penalized for exposure limit violations. Simultaneously, the RBI continues to monitor several urban and cooperative banks through extended directives, such as those for Baghat Bank and Ramgarhia Bank, highlighting ongoing concerns about their financial health. These actions, alongside Citi Bank's liability in a payment dispute and HDFC Bank's withdrawal of SARFAESI proceedings, underscore a broader trend of increased regulatory vigilance within the Indian banking sector, potentially impacting profitability and operational efficiency as institutions work to ensure compliance.
Citi Bank Jointly Liable for ₹25.3L Payment
High Court upheld judgment ordering Citi Bank and Sonali Majumder to pay ₹25,29,156.85 to plaintiff with 10% interest from Nov 2009.
Court found Citi Bank released funds to nominee without due care, v
Starbeam Ventures FY26 Audited Results with Qualified Opinion
Starbeam Ventures reported audited FY26 results with a qualified audit opinion due to multiple regulatory and accounting concerns.
The company posted a net profit of ₹1.85 crore for FY26 despite a ₹1.
HDFC Bank Withdraws SARFAESI Action
HDFC Bank agreed to withdraw SARFAESI proceedings and notional possession of the petitioner's property.
The Patna High Court dismissed the writ petition, noting the petitioners' grievance has been red
Union Bank Fraud Notice Upheld, Petition Dismissed
Petitioner Monoranjan Roy challenged UBI's Oct 13, 2025 show‑cause notice to label his account as fraud under RBI guidelines.
Court found the petitioner had replied to the notice, did not contest the
HDFC Bank Show Cause Notice Upheld, Petition Dismissed
The petitioner Monoranjan Roy challenged a show‑cause notice dated 13 Oct 2025 that sought to label his account as fraud under RBI guidelines.
The court held the notice, based on a forensic audit, was
Bank of Baroda Fraud Petition Dismissed
Monoranjan Roy challenged Bank of Baroda’s July 2025 show‑cause notice that sought to label his account fraud under RBI guidelines.
The court examined the R. Dokania forensic audit, DEO seizures, cons
RBI Penalises Bank of Baroda ₹63.6 Lakh
RBI imposed a monetary penalty of ₹63.60 lakh on Bank of Baroda for violations of Fair Practices Code and KYC directives.
The penalty stems from collecting interest above contracted rates in loan acco
Industrial Co‑op Bank Guwahati Extension Oct 2026
RBI extended the operational directive for The Industrial Co-operative Bank Ltd., Guwahati by three months, now ending on October 4, 2026.
Previous extensions covered periods up to Jan 4 2026 and July
RBI Penalises GIC Housing Finance ₹3.1 Lakh
RBI imposed a monetary penalty of ₹3.10 lakh on GIC Housing Finance Ltd for KYC non‑compliance.
The penalty stems from failure to conduct a periodic risk‑categorisation review of accounts at least onc
Bank of Baroda Receives RBI Penalty of ₹63.60 Lakhs
RBI imposes ₹63.60 lakh penalty on Bank of Baroda for regulatory non-compliance.
Penalty issued for charging excess interest and delayed KYC uploads to CKYCR.
The financial impact will directly affect
GIC Housing Finance RBI Penalty ₹3.1 Lakh
RBI imposed a ₹3.1 lakh penalty on GIC Housing Finance for non-compliance with KYC directions.
The penalty relates to an absence of periodic review and risk categorization of customer accounts.
The co
Lords Ishwar Hotels Announces SEBI Physical Share Transfer Window
Lords Ishwar Hotels Ltd notified BSE of a special window for re-lodging physical share transfer deeds, per SEBI circulars dated July 2025 and January 2026.
Multiple banks and NBFCs published possessio
RBI Penalises Nirmal Urban Bank ₹1 Lakh
RBI imposed a monetary penalty of ₹1 lakh on Nirmal Urban Co-operative Bank Ltd for non‑compliance with exposure limits and deposit rate directives.
The penalty follows a statutory inspection of the b
RBI Extends Baghat Bank Directive 3 Months
RBI extended the Section 35A/56 directive for Baghat Urban Co‑op Bank by three months, from July 8 to October 8, 2026.
The extension follows a prior six‑month directive (Oct 8 2025‑Apr 8 2026) and an
RBI Extends Ramgarhia Bank Directive 3 Months
RBI extended the Section 35A directive for Ramgarhia Co‑operative Bank Ltd from 8 July 2026 to 8 Oct 2026, adding a three‑month period.
The extension is made in public interest and does not imply RBI
RBI fines Railway Co‑op Bank ₹1.05 Lakh
The RBI levied a ₹1.05 lakh penalty on The N.E. & E.C. Railway Employees' Multi‑State Primary Co‑operative Bank Ltd for regulatory breaches.
The bank failed to transfer unclaimed deposits to the Educa
TTI Enterprise RBI NBFC Surrender Rejection
TTI Enterprise received RBI rejection for voluntary surrender of its NBFC registration certificate.
The company must continue operating as an NBFC and comply with all RBI regulations and applicable la
Kotak Mahindra Bank Acquires ₹9,587.62 Crore KMIL Portfolio
Kotak Mahindra Bank completed direct assignment of ₹9,587.62 crore loan portfolio from subsidiary KMIL effective July 1, 2026.
Transaction follows March 2026 decision to integrate KMIL's business acti
RBI Issues Advertising Amendment Directions 2027
RBI issued final Amendment Directions on advertising, marketing and sale of financial products by regulated entities, effective Jan 1 2027.
Directions apply to Commercial, Small Finance, Payments, Loc
Central Bank Promoter Sells Shares via OFS
Central Bank of India discloses promoter share sale of 12 equity shares executed on-market via Offer for Sale on May 25, 2026.
Disclosure made pursuant to SEBI PIT Regulations 7(2)(b) following intima
Emirates NBD Launches ₹117.35B RBL Bank Open Offer
Emirates NBD Bank makes mandatory open offer to acquire 26% of RBL Bank's expanded voting capital at ₹282.38 per share, totaling ₹117.35 billion.
Offer triggered by investment agreement for preferenti
RBI Approves Kotak Mahindra 9.99% City Union Stake
RBI approved Kotak Mahindra Bank to acquire up to 9.99% paid-up capital or voting rights in City Union Bank.
Approval is subject to compliance with Banking Regulation Act, FEMA, SEBI regulations, and
Kotak Mahindra Bank Gets RBI Nod for 9.99% J&K Bank Stake
RBI approves Kotak Mahindra Bank acquiring up to 9.99% stake in Jammu and Kashmir Bank.
Approval is valid for one year and subject to Banking Regulation Act and FEMA compliance.
Kotak must seek RBI ap