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MONETARY PENALTY BY RBI
- Lesson from HDFC Bank controversy: Boards of companies should not conduct business in haste
HDFC credit card holder lost Rs 1.39 lakh in an unauthorised transaction, bank says card details and OTP were used; court orders HDFC Bank to pay him Rs 1.75 lakh- HDFC Bank CEO Sashidhar Jagdishan to step down in October
- RBI imposes penalty on Progfin, Shri Ram Finance Corporation for non-complianceThe Reserve Bank of India recently levied fines on two financial firms for regulatory failures. Shri Ram Finance Corporation was penalized ...21 Aug, 2026, 09.13 PM IST
- Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to knowA new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme c...15 Aug, 2026, 12.02 PM IST
- HDFC Bank fines CEO, CFO Rs 1 lakh each over MSRDC deposit caseIn a notable move, HDFC Bank has penalized senior executives and delivered warning letters after conducting an internal assessment of a dep...27 Jul, 2026, 04.46 PM IST
- HDFC Bank fines CEO, CFO ₹1 lakh each after MSRDC review finds 'business overreach'HDFC Bank has taken disciplinary action against certain employees after finding them guilty of business overreach related to deposit arrang...27 Jul, 2026, 04.14 PM IST
- Curb risk of competition law violations being internalised as cost of doing biz: Parliament panel to CCIA parliamentary panel recommends vigorous enforcement of penalty guidelines by the Competition Commission of India. These guidelines aim to...26 Jul, 2026, 03.24 PM IST
- Banks lure NRIs with high-return FCNR(B) deposits, warn of leverage risksBanks are attracting NRI dollar deposits through RBI's FCNR(B) window. These deposits offer projected returns of thirteen to sixteen percen...22 Jul, 2026, 12.26 AM IST
- RBI imposes penalties on Muthoot Finance, 5 others for compliance violationsThe Reserve Bank of India has imposed penalties on six financial companies. Muthoot Finance received a Rs 5.80 lakh fine for risk managemen...17 Jul, 2026, 10.21 PM IST
- RBI imposes penalty on Manappuram FinanceManappuram Finance has been hit with a fine of Rs 2.70 lakh by the Reserve Bank of India due to lapses in regulatory adherence. The penalty...13 Mar, 2026, 08.05 PM IST
- RBI Imposes penalty of Rs 75 lakh on HDFC Bank for violating customer KYC directionsHDFC Bank: The Reserve Bank of India found HDFC Bank violated Know Your Customer (KYC) norms as laid down by RBI's Master Direction - Know ...26 Mar, 2025, 06.19 PM IST
- RBI imposes penalties on BoM, Hinduja Leyland Finance, Poonawalla FincorpRBI penalized Bank of Maharashtra with Rs 1.27 crore for breaching directives like Know Your Customer. Hinduja Leyland Finance Ltd faced a ...16 Aug, 2024, 07.54 PM IST
- RBI imposes monetary penalty on SBM Bank (India)The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 88.70 lakh on SBM Bank (India) for non-compliance with certai...31 May, 2024, 09.34 PM IST
- RBI slaps fines on Axis Bank, Manappuram FinanceThe Reserve Bank of India (RBI) has levied a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram ...16 Nov, 2023, 07.59 PM IST
- RBI fines ICICI Bank, Kotak Mahindra Bank for defaulting in fraud reporting, loan recovery rulesThe Reserve Bank of India has imposed monetary penalties on Kotak Mahindra Bank and ICICI Bank due to deficiencies in regulatory compliance...17 Oct, 2023, 06.02 PM IST
- RBI imposes monetary penalty on Urban Co-operative Bank, BudaunThe Reserve Bank of India (RBI) has imposed, by an order dated June 7, 2022, a monetary penalty of Rs 2.00 lakh on Urban Co-operative Bank ...13 Jun, 2022, 07.31 PM IST
- RBI fines Paytm Payments Bank, Western UnionThe RBI informed that on examination of Paytm Payments Bank Limited's application for issue of final Certificate of Authorisation (CoA), it...20 Oct, 2021, 10.03 PM IST
- RBI imposes Rs 3 crore penalty on ICICI BankThe RBI has imposed a monetary penalty of Rs 3 crore on ICICI Bank for "contravention of certain directions issued by the RBI contained in ...03 May, 2021, 09.15 PM IST
- RBI imposes Rs 1 crore fine on LVB, Rs 75 lakh on Syndicate Bank for violating normsIn a similarly worded release, it said a monetary penalty of Rs 75 lakh has been imposed on Syndicate Bank for non-compliance with the dire...14 Oct, 2019, 08.14 PM IST
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